Page 28 - CA Inter MCQ Book

CA RAVI TAORI CA INTER AUDIT MCQs

AAE.3 SM21
Which of the following is an automated control?
a) Program change
b) System generated report
c) Application control
d) Configurations
Author’s Note : This question was asked twice, first in Study material 2020 (Answer- Application
control) and then in ICAI MCQ book 2021 (Answer-Configurations). There are three types of
automated control 1. General IT controls, 2. Application controls, 3. IT Dependent Controls, so correct
answer is application controls. Other options are sub parts or examples of automated controls.

AAE.4 #Unique M19M/SM21
The Guidance Note on Audit of Internal Financial Controls over Financial Reporting has been issued

by?
a) ICAI
b) SEBI
c) MCA
d) RBI

AAE.5 SM21
_________ are manual or automated procedures that typically operate at a business process level
and apply to the processing of individual applications.

a) Application controls
b) General IT controls
c) Process controls
d) (d) All of these

AAE.6 #Unique SM21
_______________ is a logical subsystem within a larger information system where electronic data
is stored in a predefined form and retrieved for use.

a) Data Mining
b) Data warehouse
c) Database
d) Data Analytics

AAE.7 SM21
_____________is the combination of processes, tools and techniques that are used to tap vast
amounts of electronic data to obtain meaningful information:-

a) Computer Assisted Audit Techniques

(b) Automated Controls
(c) Data Analytics
(d) Combination Controls

AAE.8 SM21
___________are also known as pervasive or indirect controls :-
a) General IT Controls
b) Application Controls
c) IT dependent Controls
d) None of the above

www.auditguru.in 22 | P a g e