Which of the following is an example of a key systems development control typically found in the In-house development of an application system?

• A.Logical access controls monitor application usage and generate audit trails.
• B.Business users' requirements are documented, and their achievement is monitored
• C.A record is maintained to track the process of data from Input, to output to storage.
• D.The development process is designed to prevent, detect, and correct errors that may occur.

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Which of the following is an example of a key systems development control typically found in the in-house development of an application system?

• A.A record is maintained to track the process of data from input, to output, to storage
• B.The development process is designed to prevent, detect and correct errors that may occur
• C.Logical access controls monitor application usage and generate audit trails.
• D.Business users' requirements are documented, and their achievement is monitored

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For the year just ended the entity has times-interest-earned of:

• A.3.375 times
• B.6.75 times
• C.7.75 times
• D.9.5 times

Correct Answer: C

The TIE ratio is a leverage ratio_ It emphasizes the ability to pay interest expense. The ratio equals profit before interest and taxes divided by interest

C:\Documents and Settings\usernwz1\Desktop\1.PNG RST Corporation's Income Statement for Year 5 and Year 6


The market value of RST's ordinary stock at the end of Year 6 was US $100.00 per share.

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Based on lest results an IT auditor concluded that the organization would suffer unacceptable toss of data if there was a disaster at its data center. Which of the following test results would likely lead the auditor to this conclusion?

• A.Requested backup tapes were not returned from the offsite vendor in a timely manner
• B.Returned backup tapes from the offsite vendor contained empty spaces
• C.Critical system backup tapes are taken off site less frequently than required.
• D.Critical systems have been Backed up more frequently than required.

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Preferred stock is less risky for investors than is common stock because:

• A.Common stock has priority over preferred stock with regard to earnings and assets.
• B.Common stock pays dividends as a stated percentage of face value.
• C.Preferred stock with no conversion feature has a higher dividend yield than does convertible preferred stock.
• D.Preferred dividends are usually cumulative.

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