AIS Test 1
AIS include
1. either manual or computerized systems
What is the most appropriate designation for a professional who serves an IT auditor?
Certified IS Auditor (CISA)
Discretionary information should only be produced if the costs
are < the benefits of using that information
Attributes of reliable info include representational faithfulness, verifiability &
neutrality
An attribute of relevant information is the information provides
predictive value
When a product passes through value-enhancing activities, the process is called the
value chain
An _______________ system serves as a central depository for information from orders, customers, sales, inventory and employees
Enterprise
Which system can significantly lower the cost of support processes includes in sales, general & administrative expenses (SG &A)
Enterprise Systems
An IT auditor serves as _________ of the AIS
Evaluator
data that collects the characteristics of different transactions has a great value to an organization
False
supply chain is the term used to describe a firm's interactions with its current and potential clients
False
What process refers to the flow of materials, information, payments and services from raw materials suppliers to the final customer?
Supply Chain
Accountants gather info relevant in solving business problems, create or extract that info and then __________ _the info to solve the problem
analyze
What is the IT strategic role that replaces human labor w. technology?
automate
Which information system is most likely to impact the total revenue line item for a company?
customer relationship management
Which software manages sales and market for current sales and customer service?
customer relationship management
Raw facts that describe the basic characteristics of an event would be defined as
data
in the information value chain presented in the book, what precedes the receipt of information?
data
Accounting serving in a __________ capacity must have significant practical exposure to the key phases of systems analysis and design, including preparation of the feasibility analysis and data file design and documentation
designer
Activity based costing would be an example of
discretionary information
External auditors accessing their client's AIS would be serving the accountant's role in an AIS of an
evaluator
When auditors assess the internal controls in an AIS as a part of the SOX they are serving in their role as
evaluator
What is a primary activity of the value chain?
inbound logistics
A corporate tax return would be considered to be
mandatory info
What is a primary activity of the value chain?
outbound logistics
A monthly sales report produced by an information system would be an example of a(n)______________ activity
output
What is a supporting activity of the value chain?
procurement
Information which helps users evaluate how past decisions actually worked would be an attribute of ________ information
relevant
To be useful to decision makers, information from an AIS must be both reliable and
relevant
Information that is not designed to lead users to accept or reject any specific decision would be an attribute of
reliable information
An attribute of relevant info is __________
timely
Information is defined as data organized in a meaningful way to be useful to the
user
