Integrated test facility (ITF) has advantage over other automated audit tools because of its following characteristics:
Select one
A.
B.
C.
D.
Answer and explanation:
Fictitious entity is created in LIVE environment. As live environment is used, there is no need to create separate test processes. However, careful planning is necessary and test data must be isolated from production data.
Question 2 - ID: 3012740
Which of the following is the primary advantage of integrated audits?
Select one
A.
B.
C.
D.
Answer and explanation:
statements. Integrated audits helps to establish linkage between good corporate governance and reliable financial statements.
Question 3 - ID: 2911986
Which of the following is an advantage of an integrated test facility?
Select one
A.
B.
C.
D.
Answer and explanation:
A
An ITF does validate the correct operation of a transaction in an application, but it does not ensure that a system is being operated correctly.
B
The integrated test facility (ITF) tests a test transaction as if it were a real transaction and validates that transaction processing is being done correctly. It is not related to reviewing the source of a transaction.
C
An ITF creates a fictitious entity in the database to process test transactions simultaneously with live input. Its advantage is that periodic testing does not require separate test processes. Careful planning is necessary, and test data must be isolated from production data.
D
The ITF is based on the integration of test data into the normal process flow,so test data is still required.
Question 4 - ID: 4212796
Characteristics that BEST describes an integrated test facility:
Select one
A.
B.
C.
D.
Answer and explanation:
In ITF, fictitious entity is created in LIVE environment. Auditor can enter dummy or test transactions and verify the processing and results of these transactions for correctness. Processed results and expected results are compared to verify that systems are operating correctly. ITF does not verify system integration neither it is used to generate test data. ITF does not validate the ongoing operation of the system.
Question 5 - ID: 8612058
When two or more systems are integrated, the IS auditor must review input/output controls in the:
Select one
A.
B.
C.
D.
Answer and explanation:
A
Both of the systems must be reviewed for input/output controls because the output for one system is the input for the other.
B
The interfaces must be set up correctly and provide error controls, but good practice is to review the data before sending and after receipt.
C
Systems sending data to other systems should ensure that the data they send are correct, but that would not protect the receiving system from transmission errors.
D
A responsible control is to protect downstream systems from contamination from an upstream system. This requires a system that sends data to review its output and the receiving system to review its input.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you accept and understand our Privacy Policy.