Business Process

Question 1

Establishing per diem and writing agreements would be

Answer 1

Establishing per diem and writing agreements would be operational controls over the prevention of cost overruns

Question 2

What is transaction processing system?

Answer 2

A transaction processing system is an internal system that manages transactions, often between various users or departments, within an organization.

Question 3

Difference between structured data and unstructured data?

Answer 3

The difference between structured and unstructured data is that structured data is non flexible and unstructured data is flexible.
Machine learning, natural language processing, and NoSQL are used in the analysis of unstructured data. Machine learning and natural language processing can be used to scan through thousands of emails to gain important insights, and NoSQL databases can be used to manage dataflow.

Question 4

What is descriptive analysis?

Answer 4

Descriptive analysis is a technique for analyzing structured data. Descriptive analytics analyze and describe historical data and include statistics such as means, medians, mode, and correlations.

Question 5

In order to be in compliance with SOX 404, a company needs to:

Answer 5

develop documentation of existing internal controls and procedures associated with financial reporting.
test the effectiveness of those controls and procedures.
provide details on any deficiencies in the controls and/or documentation.