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    Quiz AIS

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    ALMA MORENA
    This document is a quiz on accounting information systems concepts for students. It contains 25 multiple choice and true/false questions covering topics like internal controls, fraud, accounting standards, and ethics. The document provides the student with the quiz questions, spaces to write their answers, and an encouraging message at the end wishing them luck on becoming future accountants.

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    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd

    Quiz AIS

    Uploaded by

    ALMA MORENA
    308 views1 page
    This document is a quiz on accounting information systems concepts for students. It contains 25 multiple choice and true/false questions covering topics like internal controls, fraud, accounting standards, and ethics. The document provides the student with the quiz questions, spaces to write their answers, and an encouraging message at the end wishing them luck on becoming future accountants.

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    Quiz in accounting information system - All about fraud ethics and internal control

    Original Title

    quiz AIS

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    This document is a quiz on accounting information systems concepts for students. It contains 25 multiple choice and true/false questions covering topics like internal controls, fraud, accounting standards, and ethics. The document provides the student with the quiz questions, spaces to write their answers, and an encouraging message at the end wishing them luck on becoming future accountants.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    308 views1 page

    Quiz AIS

    Uploaded by

    ALMA MORENA
    This document is a quiz on accounting information systems concepts for students. It contains 25 multiple choice and true/false questions covering topics like internal controls, fraud, accounting standards, and ethics. The document provides the student with the quiz questions, spaces to write their answers, and an encouraging message at the end wishing them luck on becoming future accountants.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    of 1

    QUIZ NO.

    3 – ACCOUNTING INFORMATION SYSTEM


    NAME: _______________________________________________ DATE: ______________________________
    ID NUMBER: ____________________________ SCORE: ______________ RATING: ________

    MULTIPLE CHOICE
    Direction: Read and analyze the statements carefully. Encircle the letter of the answer 9. PCAOB pertains to:
    that best fits the corresponding item. A. Public Company Auditing Oversight Board
    B. Public Company Accounting Oversight Bureau
    1. It is by using customer’s check from one account to cover theft from different account. C. Public Company Accounting Oversight Board
    A. Charge to Expense Account C. Transaction Fraud D. Public Company Audit of Batangas
    B. Lapping D. Customer Theft
    10. A compensation for lack of segregation is ___________.
    2. The internal control objectives according to AICPA SAS are the following except: A. Independent Verification C. Supervision
    A. Ensure accuracy and reliability of accounting records and information B. Transaction Authorization D. Access Controls
    B. Promote efficiency of the firm’s operations
    C. Maximize shareholders’ wealth TRUE OR FALSE
    D. Safeguard assets of the firm Direction: Write TRUE if the statement is correct and FALSE if it is wrong on the space
    provided after the number.
    3. It concerns on the social impact of computer technology. 11. Principal reforms of SOX Act include new federal crimes for the destruction of or
    A. IT Ethics C. Computer Ethics tampering with documents, securities fraud, and actions against whistleblowers.
    B. Social Ethics D. Professional Ethics 12. SOX Act means Sardanes-Oxley Act of 2002.
    13. Independent verification helps to safeguard assets by restricting physical access.
    4. All of the following are conditions for fraud except: 14. Fraudulent statements may be tied to focus on long-term financial measures for
    A. false representation C. intent success.
    B. injury or loss D. material reliance 15. Corruption includes bribery, illegal gratuities, conflict of interest and social extortion.
    16. The AIS should produce high quality information which accurately records
    5. An accounting system that maintains an adequate audit trail is implementing which transactions in the time period in which they occurred.
    internal control procedure? 17. The weaker the internal control structure, the higher the assessed level of risk.
    A. access controls C. independent verification 18. Application controls example is systems development and program maintenance.
    B. segregation of functions D. accounting records 19. The cost of achieving objectives of internal control should not outweigh its benefits.
    20. Employees should be made aware of the firm’s commitment to ethics.
    6. Which of the following not an underlying problem of Enron, Worldcom and Adelphia? 21. The trend toward distributed data processing increases the exposure to fraud from
    A. Lack of Auditor Independence C. Lack of Director Independence remote locations.
    B. Inaapropriate Accounting Practice D. Authorization of Transaction
    ENUMERATION
    7. Frequently involves using financial statements to create an illusion that an entity is Direction: Enumerate the EXPOSURES OF WEAK INTERNAL CONTROL. Give at
    more healthy and prosperous than it actually is: least four. Write your answer on the blanks provided.
    A. Causal Fraud C. Management Fraud 22. _____________________________ 24. _____________________________
    B. Employee Fraud D. Incidental Fraud 23. _____________________________ 25. _____________________________

    8. Usually consists of: an employee taking cash or other assets for personal gain by
    Work hard and follow your dreams,
    circumventing a company’s system of internal controls:
    A. Causal Fraud C. Management Fraud but never forget where you came from.
    BEST LUCK FUTURE ACCOUNTANTS!!!
    B. Employee Fraud D. Incidental Fraud
    Prepared by: A&A

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