会计数据分析 TestBank Richardson1e-Chapter06-TB

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DataAnalyticsforAccounting,1e(Richardson)

Chapter6AuditDataAnalytics

1)AsalesorderIDisauniqueidentifierforeachpurchaseorder.

2)Abusinessunitcodeisusedtoidentifythebusinessunit,region,andbranchatthelevelthatfinancialstatementsarebeingreconciled.

3)AcustomeraccountIDidentifiesthecustomerfromwhompaymentisexpectedortowhomunusedcreditshavebeenapplied.

4)Descriptiveanalyticssummarizesactivityormastersdataelementsbasedoncertainattributes.

5)Theauditormayselectasampleoftheaccountstoverifythattheywereclosedandthedocumentationexists.

6)Onceanauditorhasabasicunderstandingofthedata,theycanthenperformdiagnosticanalyticswhichlookfordifferencesorpatternsofinterestinthedata.

7)Anauditorwillperformpredictiveanalyticsbeforediagnosticanalytics.

8)Prescriptiveanalyticsidentifiesacourseofactionfortheauditortotakebasedontheactionstakeninsimilarsituationsinthepast.

9)Samplingisusefulwhenyouhavemanualauditprocedures,suchastestingtransactiondetailsorevaluatingsourcedocuments.

10)Monetaryunitsamplingallowsauditorstomitigaterisk.

11)Benford'sLawpredictsthedistributionoffirstdigits.

12)Exactmatchingisawayinwhichauditorsjoindatabasetableswithaforeignkeyfromonetabletothesecondarykeyofanother.

13)Sequencechecksareusefulforfindinggaps,suchasamissingcheckinthecashdisbursementsjournal,orduplicatetransactions,suchasduplicatepaymentstovendors.

14)Regressionallowsanauditortopredictaspecificdependentvaluebasedonindependentvariableinputs.

15)Classificationinauditingistypicallyfocusedonriskassessment.

16)AuditDataStandards(ADS)weredevelopedbytheSEC.

17)Sortingindescendingordershowsthesmallestnumbervaluesfirst.Sortinginascendingordershowsthelargestvaluesfirst.

18)Summarystatisticsprovideinsightintotherelativesizeofanumbercomparedwiththepopulation.

19)Afuzzymatchisbasedonthesimilarityofthevalues.

20)Artificialintelligenceisdesignedaroundtheideathatcomputerscanlearnaboutactionorbehaviorfromthepastandpredictthecourseofactionforthepresent.

21)Whichofthefollowingstatementsistrue?

A)Monetaryunitsamplingismorelikelytopullaccountswithsmallbalances.

B)Monetaryunitsamplingallowsauditorstoevaluateaccountbalances.

C)Prescriptiveanalyticsattemptstofindhiddenpatternsorvariables.

D)Predictiveanalyticsusesmachinelearningandartificialintelligence.

22)Whichofthefollowingstatementsisfalse?

A)Predictiveanalyticsattemptstofindhiddenpatternsorvariables.

B)Regressionallowsanauditortopredictaspecificdependentvaluebasedonindependentvariableinputs.

C)Classificationinauditingismainlyfocusedonriskassessment.

D)Monetaryunitsamplingismorelikelytopullaccountswithsmallbalances.

23)WhenworkingwithCAATs,whichofthefollowingstatementsisfalse?

A)Innerjoinwillshowonlytherecordsfrombothtablesthatmatchandexcludeeverythingthatdoesn'tmatch.

B)Leftjoinwillshowallrecordsfromthefirsttableandonlyrecordsfromthesecondtablethatmatch.

C)Rightjoinwillshowallrecordsfromthesecondtableandrecordsfromthefirsttablethatmatch.

D)Outerjoinwillshowallrecords,includingonlymatchingones.

24)Whichofthefollowingisthebestchoicefortheuniqueidentifierforeachsalesorder?

A)Item#

B)Shipping#

C)Purchase_Order#

D)Sales_Order#

25)Whichofthefollowingisanexampleofdescriptiveanalytics?

A)Summarystatistics

B)Z-score

C)Similaritymatching

D)Fuzzymatching

26)Whichofthefollowingisnotanexampleofdescriptiveanalytics?

A)Drill-down

B)Ageanalysis

C)Sampling

D)Sorting

27)Whichofthefollowingisanexampleofpredictiveanalytics?

A)Classification

B)Z-score

C)Decisionsupportsystems

D)Diagnostic

28)Whichofthefollowingisnotanexampleofpredictiveanalytics?

A)Classification

B)Regression

C)Probability

D)Artificialintelligence

29)Whichtypeofauditanalyticsmightbeusedtosummarizeactivityormasterdatabasedoncertainattributes?

A)Prescriptiveanalytics

B)Predictiveanalytics

C)Diagnosticanalytics

D)Descriptiveanalytics

30)Whichtypeofauditanalyticsmightbeusedtodetectcorrelationsandpatternsofinterest?

A)Prescriptiveanalytics

B)Predictiveanalytics

C)Diagnosticanalytics

D)Descriptiveanalytics

31)Whichtypeofauditanalyticsmightbeusedtoidentifycommonattributesorpatternsthatmaybeusedtoidentifysimilaractivity?

A)Prescriptiveanalytics

B)Predictiveanalytics

C)Diagnosticanalytics

D)Descriptiveanalytics

32)Whichtypeofauditanalyticsmightbeusedtorecommendactionbasedonpreviouslyobservedactions?

A)Prescriptiveanalytics

B)Predictiveanalytics

C)Diagnosticanalytics

D)Descriptiveanalytics

33)Groupingbalancesbydateisreferredtoas________andisanexampleof________analytics.

A)ageanalysis;diagnostic

B)ageanalysis;descriptive

C)sorting;diagnostic

D)sorting;descriptive

34)Identifyingthelargestorsmallestvaluesisreferredtoas________andisanexampleof________analytics.

A)sorting;diagnostic

B)sorting;descriptive

C)summarystatistics;diagnostic

D)summarystatistics;descriptive

35)________allowsauditorstoevaluateaccountbalancesandisanexampleof________analytics.

A)Monetaryunitsampling;diagnostic

B)Monetaryunitsampling;descriptive

C)Randomsampling;diagnostic

D)Randomsampling;descriptive

36)________assignsavaluetoanumberbasedonhowmanystandarddeviationsitstandsfromthemeanandisanexampleof________analytics.

A)AZ-score;diagnostic

B)AZ-score;descriptive

C)Benford'sLaw;diagnostic

D)Benford'sLaw;descriptive

37)Exploringthedetailsbehindthevaluesisreferredtoas________andisanexampleof________analytics.

A)sorting;diagnostic

B)sorting;descriptive

C)drill-down;diagnostic

D)drill-down;descriptive

38)________identifiestransactionsoruserswithatypicalactivitybasedonthedistributionoffirstdigitsandisanexampleof________analytics.

A)Monetaryunitsampling;diagnostic

B)Monetaryunitsampling;descriptive

C)Benford'sLaw;diagnostic

D)Benford'sLaw;descriptive

39)Detectinggapsinrecordsandduplicateentriesisreferredtoas________andisanexampleof________analytics.

A)sequencecheck;diagnostic

B)sequencecheck;descriptive

C)fuzzymatching;diagnostic

D)fuzzymatching;descriptive

40)Groupingrecordsbynon-obvioussimilaritiesisreferredtoas________andisanexampleof________analytics.

A)clustering;diagnostic

B)clustering;predictive

C)classification;diagnostic

D)classification;predictive

41)Predictingspecificdependentvaluesbasedonindependentvariableinputsisreferredtoas________andisanexampleof________analytics.

A)regression;prescriptive

B)regression;predictive

C)classification;prescriptive

D)classification;predictive

42)Usingarankscoretoevaluatethestrengthofclassificationisreferredtoas________andisanexampleof________analytics.

A)regression;prescriptive

B)regression;predictive

C)probability;prescriptive

D)probability;predictive

43)Evaluatingthetoneoftexttoforecastanoutcomeisreferredtoas________andisanexampleof________analytics.

A)classification;prescriptive

B)classification;predictive

C)sentimentanalysis;prescriptive

D)sentimentanalysis;predictive

44)Usingobservationsofpastactionstopredictfutureactionsforsimilareventsisreferredtoas________andisanexampleof________analytics.

A)artificialintelligence;prescriptive

B)artificialintelligence;predictive

C)appliedstatistics;prescriptive

D)appliedstatistics;predictive

45)Whichofthefollowingz-scoresislikelyanoutlierthatwarrantsfurtherscrutiny?

A)−2.1

B)0.0

C)1.75

D)3.2

46)Whichtestingapproachisusefulindeterminingprocedurestofollowwhennewcreditaccountsareopened?

A)Appliedstatistics

B)Regression

C)Fuzzymatching

D)Classification

47)Largetrainingsetsareneededtogeneraterelativelyaccuratemodelswhenusingwhichtypeofapproach?

A)Descriptive

B)Regression

C)Classif