COBIT is:
Answer(s): A
COBIT Control Objectives for Information and related Technology) is an IT control framework copyrighted by the IT Governance Institute ITG1). COBIT is a set of guidelines to assist management and business process owners in implementing adequate controls over IT processes and resources. It is designed to be an IT governance tool that facilitates understanding and managing the risks and benefits associated with information and related IT.
COBIT is targeted at all of the following except:
Answer(s): C
COBIT is targeted at three distinct audiences: management, users, and auditors. Management must balance risks and control costs in the volatile IT environment. Users need assurance about the security of, and controls over, internal or third-parry IT services. Auditors must be able to support their opinions conveyed to management and others about the state of internal control. Because shareholders are not directly involved with IT services used in the day-to- day management of an organization, they are not a targeted audience of COBIT.
Which of the following statements accurately describes the impact that automation has on the controls normally present in a manual system?
Using a computer does not change the basic concepts and objectives of control. However, the use of computers may modify the control techniques used. The processing of transactions may be combined with control activities previously performed separately, or control function may be combined within the information system activity.
Which of the following characteristics distinguishes computer processing from manual processing?
Computer processing uniformly subjects like transactions to the same processing instructions. A computer program defines the processing steps to accomplish a task. Once the program is written and tested appropriately, it will perform the task repetitively and without error. However, if the program contains an error, all transactions will be processed incorrectly.
A firm has recently converted its purchasing cycle from a manual process to an online computer system.Which of the following is a probable result associated with conversion to the new automatic system?
Answer(s): D
In a manual system with appropriate internal control, separate individuals are responsible for authorizing transactions, recording transactions, and custody of assets. These checks and balances prevent fraud and detect inaccurate or incomplete transactions. In a computer environment, however, this segregation of duties is not always feasible. For example, a computer may print checks, record disbursements, and generate information for reconciling the account balance.
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