Controlled Objectives for Information and related Technology (COBIT): a control framework for the governance and management of enterprise IT.
Select one:
True
False
Question 2
Correct
Mark 1.00 out of 1.00
The c
...
Controlled Objectives for Information and related Technology (COBIT): a control framework for the governance and management of enterprise IT.
Select one:
True
False
Question 2
Correct
Mark 1.00 out of 1.00
The control environment sets the tone for a company, influences employee control awareness, and lays the groundwork for the external control system.
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True
False
Question 3
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Preventive controls prevent issues from arising in the first place. (Authorization)
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False
4
Internal control can be defined as ethical behavior driven by a code of ethics.
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False
Question 5
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The establishment and maintenance of internal controls is a management duty, according to SOX.
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False
Question 6
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Application controls are particular to a subsystem or application and verify that transactions are legitimate, complete, and accurate.
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False
Question 7
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A dynamic method for identifying and analyzing a firm's risks from both external and internal settings is risk assessment.
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True
False
8
A set of practices and rules for operating a corporation with sound ethics in order to protect the interests of its stakeholders is known as corporate government.
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True
False
Question 9
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Employees from various cultural origins are more likely to share similar beliefs.
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True
False
Question 10
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The PCAOB Auditing Standard No. 5 (AS 5) urges auditors to identify critical controls using a risk-based, top-down approach.
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False
Question 11
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To provide dependent control of public accounting companies, the Public Company Accounting Oversight Board (PCAOB) was established.
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True
False
12
Internal control is affected by people. It is not merely about policy manuals, systems and forms. Rather, it is about people at every level of a firm that impact internal control
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