Prepare voucher packages and sign checks

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OTHER NAMES……………….………………………..……..

STUDEN NT NUMBE ER…………. .………..………………..

quest ions.

For se ection B, C, D, E and ans swer all q question s in the space

similar in format to the fin al examina ation. How wever, ques stions and topics in the final

examin ation willb be different t, so stude ents should also revis se all other r learning m materials,

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Section A: Multiple Choice Questions (20 Marks)

a. Aligning It strategy with the business strategy
b. Writing programming code for IT systems
c. Insisting that an IT control framework be adopted and implemented d. Measuring IT’s performance

3. Which phase of the system development life cycle includes determining user needs of the IT system?

a. Both methods use an iterative approach in system development b. Both of them save time
c. Prototyping and RAD use CASE tools in developing a system d. Both methods emphasize on the speed of development

Section A is continued on the next page

a. When IT is a core competency area
b. When organisations do not have skilled IT staff that can keep technology up to date c. When organisations may not be able to manage technology as well as firms that specialise in managing IT
d. When IT is cheaper to outsource

7. Which control activity is intended to serve as a method to confirm the accuracy or completeness of data in the accounting system?

a. General controls operate across the organisation
b. General controls relate to the overall environment in which different information systems are located
c. General controls relate to specific applications and processes
d. General controls affect the operation of various information systems within an organisation indirectly

10. Which of the following statements is true?

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13. An intangible product (e.g. a song) which is based on someone’s knowledge, experience and innovation is an example of a(an)

a. Copy Righted Property
b. Intellectual Property
c. A small text data file created by a web server that is stored on your computer d. Hidden in free downloadable software and tracks your use of the internet

..Action A is continued on the next page

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17. To test that the system will provide an appropriate response to every invalid input:

a. every possible permutation of valid transactions that could be entered into the system needs to be tested
b. every possible permutation of invalid transactions that could be entered into the system needs to be tested
c. every possible permutation of valid and invalid transactions that could be entered into the system needs to be tested
d. every possible permutation of valid and invalid transactions that could be entered into the system needs to be tested

20. In a system of proper internal controls, the same employee should not be allowed to:

a. sign checks and cancel the supporting voucher package b. receive goods and prepare the related receiving report c. prepare voucher packages and sign checks
d. initiate purchase requisitions and inspect goods received

1-List and briefly describe the steps required to perform an information systems audit. (6 marks in total)

2-There are different information systems development methodologies. Are these methodologies mutually exclusive (1 mark)? Why (1 mark)?

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4- (a) What is IT governance? Describe four objectives of IT governance (4 marks).

(b) Describe the relationship between the risk assessment and control activities components of the COSO framework. (2 marks)

Section C: System Planning and Development (20 Marks) – Answer this in the space provided

Encosta Memories is a small family photography business. The business has a good reputation for high-quality photos and enjoys longstanding arrangements with many schools for the provision of school photos. Encosta Memories has traditionally used a small accounting package to manage its operations, with Make Your Business Profitable ‘MYBP’ being the package currently in use. Recently, however, a few of the staff in the administration team have complained that MYBP has become slow in processing transactions. The computer that runs the program is also fast approaching its capacity, having not been updated for several years and now also handling some of the business’s digital imaging requirements.

(a)

(b)

3. Would you recommend that Encosta Memories make or buy the new system? (2 marks) Why? (2 marks) (4 marks in total)

4. Identify four possible consequences for Encosta Memories of relying on a single vendor for the system?

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Section D: Controls and Business Cycle (20 Marks) – Answer this in the space provided

1.
2.
3.
4.
5.

2- Suggest an internal control for each risk (the control may be mentioned in the case or missing and you think it should be applied). (5 marks)
1.

4- Indicate whether the control is present or missing in the case. (5 marks) 1.
2.
3.
4.
5.

5- Classify the control as general or application. (5 marks) 1.
2.
3.
4.
5.

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Required:

1- Explain how a Teleological approach is different from a Deontological approach. (4 marks in total)

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3- Identify six stakeholders (3 marks) and describe the roles in this case (3 marks) (6 marks in total)