Reference no: EM132572636

Question 1. Before XBRL, external users of financial information:

A.manipulated PDF documents to obtain the information they wanted.

B.used XML decoding tools to obtain the information they wanted.

C.had to identify and re-input data before undertaking financial analysis.

D. all of the options are correct.

Question 2. How are the end users involved during the prototyping approach to systems development?

A.users work with the modules as they are produced.

B. Users provide feedback which is used to improve the functionality,

C. Users can refine their requirements as they experience the modules that have been built

D. All of the options are correct

Question 3. The external audit will provide reasonable assurance that:

A. transactions that occurred have been carried out efficiently and effectively

B. assets and liabilities in the financial statements exist and transactions reported actually occurred

C. assets listed are owned by the organisation and liabilities owed are repaid

D.amounts on the financial statements have been calculated in accordance with company policies

Question 4. What is the main reason for the design of ERP systems?

A. ERP systems are designed to capture a wide range of information about all business transactions and processes refuted to the typical four major areas of an organisation

B: ERP systems are designed to advance various functions of the business,

C. ERP systems are designed to have mult facilities eg, work in multi-currencies and multi-platforms.

D. None of the above

Question 5. Which of the following statements regarding the internal audit function is not true?

A. The internal audit function is not all encompassing.

B. The internal audit function includes the evaluation of controls in business processes.

C. The internal audit function includes the evaluation of controls in information systems and systems development projects

D. The internal audit function includes the evaluation of controls in systems development projects.