Computerized Audit Tools Flashcards
(30 cards)
1
Q
- Which of the following is an example of a Generalized Audit Software (GAS) function? A. Financial forecasting B. Record extraction C. Market analysis D. Data encryption
A
B. Record extraction
2
Q
- What GAS function allows the auditor to detect missing or duplicate records? A. File sorting B. Gap/duplicate detection C. Sampling D. Summarization
A
B. Gap/duplicate detection
3
Q
- Which software is primarily used for sorting, merging, and maintaining data files in an audit? A. Database management software B. Utility software C. Word processing software D. Text retrieval software
A
B. Utility software
4
Q
- What tool allows auditors to perform tests without deep knowledge of a client’s hardware? A. Customized programs B. Generalized audit software C. Analytical tools D. Public databases
A
B. Generalized audit software
5
Q
- Which of the following GAS features helps compare current and prior inventory files? A. Record extraction B. File comparison C. Summarization D. Exportation
A
B. File comparison
6
Q
- Which GAS function can identify accounts receivable balances over the credit limit? A. Record extraction B. Sorting C. File merging D. Data encryption
A
A. Record extraction
7
Q
- Which audit tool is often used to prepare working trial balances and schedules? A. Word processing software B. Electronic spreadsheets C. GAS D. Text retrieval software
A
B. Electronic spreadsheets
8
Q
- A disadvantage of electronic spreadsheets is:
A. Need for auditor training B. Limited data entry capacity C. High cost D. Lack of compatibility
A
Need for auditor training
9
Q
- What software enables auditors to access AICPA standards and SEC pronouncements? A. GAS B. Word processing software C. Text retrieval software D. Public databases
A
C. Text retrieval software
10
Q
- What type of software is best for rearranging and analyzing downloaded client data? A. Utility software B. Text retrieval software C. Database management systems D. Word processors
A
C. Database management systems
11
Q
- Which GAS function helps analyze inventory turnover statistics? A. Summarization B. Sampling C. File comparison D. Exportation
A
A. Summarization
12
Q
- Which of the following tools is inexpensive and helps generate lead schedules? A. Text database software B. Automated workpaper software C. Customized programs D. GAS
A
B. Automated workpaper software
13
Q
- The ability to export GAS results into other formats is known as: A. File comparison B. Sorting C. Sampling D. Exportation
A
D. Exportation
14
Q
- Which software tool can be used to develop audit reports and internal control documents? A. Word processing software B. Database systems C. Spreadsheets D. Text retrieval tools
A
A. Word processing software
15
Q
- GAS typically requires: A. Extensive client hardware knowledge B. Limited understanding of client’s hardware C. Use of third-party software D. Direct data entry
A
B. Limited understanding of client’s hardware
16
Q
- A disadvantage of automated workpaper software is: A. Lack of compatibility B. Complexity C. Time required to enter first-year data D. High training cost
A
C. Time required to enter first-year data
17
Q
- What is a key benefit of using database management systems in auditing? A. Ability to rearrange and analyze data easily B. Lower hardware requirements C. Minimal training needed D. Pre-written audit reports
A
A. Ability to rearrange and analyze data easily
18
Q
- One common use of text retrieval software is: A. Summarizing client accounts B. Researching technical accounting issues C. File comparison D. Creating lead schedules
A
B. Researching technical accounting issues
19
Q
- Generalized audit software includes the following except: A. Calculation B. Sampling C. Customer satisfaction surveys D. Field statistics
A
C. Customer satisfaction surveys
20
Q
- Public databases may provide: A. Custom audit plans B. Industry and company data C. GAS software D. Personalized training
A
B. Industry and company data
21
Q
- What function of GAS can find uncosted inventory items? A. Field statistics B. Record extraction C. File comparison D. Data encryption
A
B. Record extraction
22
Q
- Which GAS function is helpful in identifying duplicate sales invoices? A. File comparison B. Summarization C. Sampling D. Text search
A
B. Summarization
23
Q
- A benefit of electronic spreadsheets is: A. Cannot be saved or modified B. Easy to use and inexpensive C. Lack of user-friendly interface D. High software cost
A
B. Easy to use and inexpensive
24
Q
- Customized programs are written: A. For multiple clients B. Specifically for a client C. For government audits only D. For internal control
A
B. Specifically for a client
25
25. Which GAS feature calculates standard deviation? A. Gap detection B. Field statistics C. Record extraction D. Exportation
B. Field statistics
26
26. What audit tool helps in performing mathematical procedures and analytical tests? A. Word processors B. Electronic spreadsheets C. Text retrieval software D. File sorting tools
B. Electronic spreadsheets
27
27. What software is commonly used to develop and format audit documentation? A. Word processing software B. GAS C. Text retrieval D. Spreadsheets
A. Word processing software
28
28. GAS can be used to identify: A. Client satisfaction B. Regulatory gaps C. Transactions with related parties D. Employee behavior
C. Transactions with related parties
29
29. What is the primary use of utility software in auditing? A. Reconciliation B. Sorting and merging files C. Financial ratio analysis D. Generating confirmations
B. Sorting and merging files
30
30. A limitation of database management systems is: A. Limited analytical capabilities B. Cannot be used for auditing C. Requires more auditor training D. Not suitable for file comparison
C. Requires more auditor training
