MCQ - Data Analytics and IT

Question 1

What are the 4 types of Data Analytics?

Answer 1

Question 2

Which one of the following is not a benefit of Audit Data Analytics (ADA’s)

Answer 2

Question 3

In the execution Phase of ADA what is the procedure alternative for the 3-way match

Answer 3

Question 4

What is the primary focus of Audit Data Analytics (ADA’s)?

Answer 4

Question 5

Which type of analytics aims to predict future events based on data analysis?

Answer 5

Question 6

What is one of the challenges auditor’s face when employing ADA’s in the audit process?

Answer 6

Question 7

Which of the following is NOT a benefit of ADA’s?

Answer 7

Question 8

What is the type that audit primarily uses in the analysis?

Answer 8

Question 9

Which of the following is an information system risk?

Answer 9

Question 10

Which data analytics type asks the question: Why did it happen?

Answer 10

Question 11

Which option is not part of data reliability?

Answer 11

Question 12

Which of the following emerging trends in audit and assurance looks for relationships

Answer 12

Question 13

What is the second step of the data analytic process?

Answer 13

Question 14

Define ADA

Answer 14

Question 15

15) What do we call outliers/exceptions in data?

Answer 15

Question 16

Which of the following is not a software suite that can be used for Audit Data Analytics?

Answer 16

Question 17

Which of the following is not a type of data analytics?

Answer 17

Question 18

Which of the following is an integral part of the first step of audit data analytic process?

Answer 18

Question 19

Ford used data from 2016 to assess why brakes failed on their vehicles during that time. What type of Data Analytics did Ford Use?

Answer 19

Question 20

Choose one that is not one of the types of Data Analytics

Answer 20

Question 21

If a large amount of notable items are uncovered, the auditor should consider if:

Answer 21

Question 22

Which emerging technology can auditors use of assess client’s reputations, ethical practices, legal involvements, and search contracts for key terms needed for audit procedures?

Answer 22

Question 23

What are the correct steps in order to Audit the Data Analytic Process?

Answer 23

Question 24

Which of the following is part of step 2 in the “5-step Audit Data Analytic Process”?

Answer 24

Question 25

What type of data analytics answers the question “What will happen”?

Answer 25

Question 26

What should the auditor not consider if there is a large amount of notable items uncovered?

Answer 26

Question 27

What is blockchain?

Answer 27

Question 28

SAIT School of Business estimates that there will be a 20% increase in the admissions for the business administration program offered by SAIT in the next year. Select the type of analytics used in the scenario

Answer 28

Question 29

Elements of Data Reliability in Nature would include:

Answer 29

Question 30

Which of the following is not an information system risk?

Answer 30