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Accounting Information Systems 14th Edition Romney Test Bank 1
Accounting Information Systems 14th Edition Romney Test Bank 1
Edition Romney
1 Describe the nature, scope and objective of audit work, and identify the major steps in the
audit process.
2
Copyright © 2018 Pearson Education, Inc.
4) Which type of work listed below is not typical of internal auditors?
A) Operational and management audits.
B) Information system audits.
C) Financial statement audit.
D) Financial audit of accounting records.
Answer: C
Concept: The nature of auditing
Objective: Learning Objective 1
Difficulty: Easy
AACSB: Analytical Thinking
5) The ________ audit examines the reliability and integrity of accounting records.
A) financial
B) informational
C) information systems
D) operational
Answer: A
Concept: The nature of auditing
Objective: Learning Objective 1
Difficulty: Easy
AACSB: Analytical Thinking
6) The ________ audit reviews the general and application controls of an AIS to assess its
compliance with internal control policies and procedures and its effectiveness in safeguarding
assets.
A) financial
B) information systems
C) management
D) internal control
Answer: B
Concept: The nature of auditing
Objective: Learning Objective 1
Difficulty: Easy
AACSB: Analytical Thinking
7) A(n) ________ audit is concerned with the economical and efficient use of resources and the
accomplishment of established goals and objectives.
A) operational or management
B) financial
C) information systems
D) internal control
Answer: A
Concept: The nature of auditing
Objective: Learning Objective 1
Difficulty: Moderate
AACSB: Analytical Thinking
3
Copyright © 2018 Pearson Education, Inc.
8) The ________ audit is concerned with the economical and efficient use of resources and the
accomplishment of established goals and objectives.
A) financial
B) informational
C) information systems
D) operational
Answer: D
Concept: The nature of auditing
Objective: Learning Objective 1
Difficulty: Easy
AACSB: Analytical Thinking
9) The purpose of ________ is to determine why, how, when, and who will perform the audit.
A) audit planning
B) the collection of audit evidence
C) the communication of audit results
D) the evaluation of audit evidence
Answer: A
Concept: The nature of auditing
Objective: Learning Objective 1
Difficulty: Easy
AACSB: Analytical Thinking
10) Organizing the audit team and the physical examination of assets are components of which
two separate audit stages?
A) Planning; evaluating audit evidence.
B) Planning; collecting audit evidence.
C) Collecting audit evidence; communicating audit results.
D) Communicating audit results; evaluating audit evidence.
Answer: B
Concept: The nature of auditing
Objective: Learning Objective 1
Difficulty: Moderate
AACSB: Analytical Thinking
11) Consideration of risk factors and materiality is most associated with which audit stage?
A) Collection of audit evidence.
B) Communication of audit results.
C) Audit planning.
D) Evaluation of audit evidence.
Answer: C
Concept: The nature of auditing
Objective: Learning Objective 1
Difficulty: Easy
AACSB: Analytical Thinking
4
Copyright © 2018 Pearson Education, Inc.
12) A system that employs various types of advanced technology has more ________ risk than
traditional batch processing.
A) control
B) detection
C) inherent
D) investing
Answer: C
Concept: The nature of auditing
Objective: Learning Objective 1
Difficulty: Easy
AACSB: Analytical Thinking
13) An organization that has an antiquated accounting information system has more ________
risk than an organization that has a more advanced system.
A) control
B) detection
C) inherent
D) investing
Answer: A
Concept: The nature of auditing
Objective: Learning Objective 1
Difficulty: Easy
AACSB: Analytical Thinking
5
Copyright © 2018 Pearson Education, Inc.
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company of the sage, and always with profit to myself. He has
been an invaluable guide to me in my search for knowledge, and
has lifted my spirit into a pure atmosphere. Spirit life is full of
such workers, and by their efforts, combined with the desires of
sin-sick souls to become better, we look for the redemption of the
human race from error.
And now, good friends, you, unto whom I have revealed a few of
the most vitalizing experiences of my spiritual life, I feel that I
must draw these papers to a close, and, taking each one of you
spiritually by the hand, bid you go on with your efforts in self-
culture and advancement; and God speed you forward in your
work for your own souls and for humanity.
Again I say, it is impossible for me to convey to you anything
more than a mere outline of the inner experience of the spirit;
each one of you must undergo the process for yourselves ere you
can realize how intense in thought and feeling, and how
thoroughly quickened into life, are all the sensations of spiritual
existence. In fact, spirit is all thought, all sense, and it is as
impossible to escape from ourselves, and the consequences of our
lives, as it is to exist without the ordinary mode of respiration.
Hence, let me entreat you to endeavor constantly and earnestly
to so live that only the reflection of a pure life shall cast itself over
your spirit; that only the recollection of good accomplished and
evil resisted shall visit your soul when you have attained the
immortal heights of the other world.
But, ere I close, I feel that I must say a word in regard to the
cause that lies nearest my heart. Interested as I am, and must be,
in all movements of reform, all methods of advancement
calculated to ameliorate the condition of humanity, and eager as I
am to see the race moving along upon a higher, purer, more
spiritualized plane of life, yet my soul’s best endeavors must be
employed in the temperance cause. As one who has sinned and
suffered, as one who has experienced the agony and the
vicissitudes of intemperance, I feel it my duty to hang out a
warning flag to others that shall be a signal of danger to those who
look that way.
Sad, aye, too, too sad it is that, while women weep and children
wail because of the misery entailed upon them, spirit life is
crowded with souls that have passed out from earth with the taint
of intemperance defiling their persons and dragging them
downward. No wonder, then, that the angels weep in pity; no
wonder that noble souls come thronging back, pleading with you
to seek for good, to resist evil, and to uplift your head above the
haunts of wrong and wickedness.
How long, aye, how long shall this state of things continue to
exist? When shall the morning dawn that shall usher in a new day,
a day of universal temperance and purity on earth? When shall the
darkness break, and a new era of light, of knowledge and wisdom,
come flooding in upon us? Not until man shall study the laws of
his own being, and, so studying, learn to live in harmony with
those laws. Not until every man and every woman becomes a
physiologist, understanding the structure and composition of his
or her own organism, and learning of that wisdom which says:
“Partake of nothing but what assimilates with the component
parts of your body, or satisfies the natural demands of nature.”
Not until men and women study the law of heredity, of
transmission, which teaches that whatever trait of character,
whatever peculiarity of disposition, whatever fatal appetite or
habit the parents possess, is transmitted to their offspring, either
in a modified or aggravated degree, and is sure to crop out
somewhere and at some time in one form or another. Not until
humanity, learning these truths, live up to them in obedience to all
their requirements will the day of universal happiness, peace, and
purity dawn upon earth.
I am rejoiced to find that a public sentiment is being created in
regard to this subject,—a public sentiment that is felt throughout
the length and breadth of nations,—a sentiment in favor of
suppressing the manufacture and sale of alcoholic liquors, and of
seeking to elevate and promote the cause of temperance, at all
times and in all places. It has crept into the churches, and now the
clergy dare utter sentiments in its favor; it makes itself heard in
the street, and upon the rostrum; it enters our legislative halls,
and demands a hearing; and it has formed organizations, the
power and influence of which are felt everywhere. So much for the
cause of temperance; and, encouraged by public sentiment, it
must and shall prosper, and eventually triumph. A public
sentiment in its favor must continue to grow until the
manufacture and sale of alcohol as a beverage will be universally
admitted to be a crime against humanity; no man who cares for
the opinion of his fellows (and what man does not?) dare to
engage in the business, and intemperance be so generally looked
upon as an evil that no man will or woman will raise the wine-cup
to his or her lips. That time must come, and may God and angels
hasten the day.
Now, a few closing words to those unfortunates who are
addicted to the habit of intemperance: my whole soul goes out to
you in sympathy, and, were it possible, I would lift you all upon a
platform of mental strength and moral integrity. I do not
condemn, I pity; I dare not censure, I sympathize. From my own
experience I know the road you have to travel, and, if I could, I
would enfold you in that divine strength that would enable you to
crush the serpent under your feet. Let me implore you, out of the
deep compassion of my soul, to endeavor, with all your
determined will-power and firmness, to throw off the fatal habit
that binds you; to become free beings, slaves of no appetite nor
passion; to crush them down and assert your manhood. Thus, with
the love and aid of the angels, you will become pure, and worthy of
their companionship. Go on, and heaven bless you in your efforts
for selfredemption.
And now, good friends, adieu. May the angels of love and
harmony, of purity and peace, abide with you always, fitting your
lives for a habitation of light, and an experience of joy in the spirit
world.
TRANSCRIBER’S NOTES
1. Silently corrected obvious typographical errors and
variations in spelling.
2. Retained archaic, non-standard, and uncertain spellings as
printed.
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