true/false answer section provided.

1. An information systems audit is an examination of the management controls within an Information technology (IT) infrastructure and business applications.

2. The external auditors represent outsiders, internal auditors represent the interests of the organization.

3. Fraud audit may be initiated by management who suspect employee fraud.

4. Control risk is the likelihood that the control structure is flawed because controls are either absent or inadequate to prevent or detect errors in the accounts.

5. The purpose of transaction authorization is to ensure that all material transactions processed by the information system are valid and in accordance with managements objectives.