1. According to COBIT\'s principles, information technology governance and manag
ID: 3686159 • Letter: 1
Question
1. According to COBIT's principles, information technology governance and management should:
A. focus on the four purposes of internal control.
B. address systems risk only.
C. apply a single integrated framework.
D. apply an end-to-end framework.
2. Which of the following is most closely related to one of the benefits of e-business discussed in the text? )
A. Internal controls
B. Company finances
C. Selling to a broader range of customers
D. All of these are related to benefits of e-business.
3. According to ISACA, one of COBIT's enablers is required for keeping the organization running and well governed; that enabler is often the key product of the enterprise itself. It is therefore most closely related to which generic element of the accounting information system?
A. inputs
B. internal control
C. storage
D. outputs
4.SEC filings that use XBRL are labeled in EDGAR as:
A. Instance documents.
B. Interactive data.
C. XBRL documents.
D. XBRL data.
5. According to COBIT 5, an organization's information technology governance and management should apply a single integrated framework for managing information. Which of the following best pairs an established framework with an element of the framework?
A. COSO enterprise risk management, cost of managing risk
B. COSO internal control, risk/control matrix
C. Both COSO enterprise risk management, cost of managing risk and COSO internal control, risk/control matrix
D. Neither COSO enterprise risk management, cost of managing risk nor COSO internal control, risk/control matrix
6. According to COBIT 5, an organization's information technology governance and management should cover the enterprise end-to-end. Which of the following parts of an organization would likely need information on inventory levels?
A. production and operations
B. marketing
C. accounting
D. all of these
7. The accounting cycle comprises ten steps. Companies that use XBRL do not have to:
A. Prepare journal entries.
B. Close the nominal accounts.
C. Both prepare journal entries and close the nominal accounts.
D. Neither prepare journal entries nor close the nominal accounts.
8. Carter suggested a four-part taxonomy for classifying computer crime. Which of the following contains elements that would help an accounting professional prevent one or more of the four types?
A. COBIT
B. AICPA Core Competencies framework
C. Both COBIT and AICPA Core Competencies framework
D. Neither COBIT nor AICPA Core Competencies framework
9. Which of the following best pairs a COBIT enabler with an element of the FASB conceptual framework of accounting? (Points : 1)
A. processes, the process of producing financial statements
B. information, elements of financial statements
C. culture, international elements of the conceptual framework
D. organizational structures, assumptions/principles/constraints on those structures
10. SSAE 16 is a form of ___ with respect to an ASP. (Points : 1)
A. internal control
B. information technology
C. Both internal control and information technology
D. Neither internal control nor information technology
1. According to COBIT's principles, information technology governance and management should:
Explanation / Answer
(1)
Information technology governance and management should follows the principal as apply a single integrated framework.
Thus the correct option is (C)
(2)
The following benefits are related to e-business.
Thus the correct option is (D) All of these are related to benefits of e-business
(3)
one of the COBIT’s enablers is required keeping the most closely related general element is outputs
Thus the correct option is (C) outputs
(4)
XBRL uses the XBRL documents foe EDGAR.
Thus the correct option is (C) XBRL documents
(5)
In an organization information technology and management need to integrate as one and maintain the information depends up on the COBIT5
Pairs of elements of the framework is Both COSO enterprise risk management, cost of managing risk and COSO internal control, risk/control matrix
Thus the correct option is (C)
(6)
In an organization information technology and management need to the enterprise end to end maintain the information depends up on the COBIT5.
They follow the below information in the inventory levels
Thus the correct option is (D) that is all of these
(7)
Companies those are uses XBRL they don’t have Close the nominal accounts.
Thus the correct option is (B)
(8)
The following elements would be useful in the case of an accounting professional prevent one or more of the four types.
Both COBIT and AICPA Core Competencies framework.
Thus the correct option is (C)
(9)
FASB consider some elements for the conceptual framework of accounting.
information, elements of financial statements
Thus the correct option is (B)
(10)
SSAE is a form of internal control with respect to an ASP.
Provide the assurance to controls those are established in the organization.
Thus the correct option is (A)
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