University of Arkansas, Monticello ACCT 4323 Ch

University of Arkansas, Monticello

ACCT 4323

Ch. 9 Quiz Questions:

1)Which of the following best describes what is meant by a breach of security?

2. Which of the following is not a good example of how accountants might use data analytics to help evaluate estimates used to value financial statement accounts?

3. As described in the text, which of the following best defines the term data analytics?

4. The three Vs are considered a defining feature of big data. Which of the following is the best definition of the term big data?

5. Which of the following best describes how external auditors’ interactions with their clients is likely to change due to the use of data analytics in the audit process?

6. Which of the following is not one of the Excel tools described as useful for data analytics?

7. Raw data often must be scrubbed to remove extraneous data and other noise in order to become useful. This technique is known as:

8. At its core, data analytics fits into the information value chain in which of the following ways?

9. Which of the following is not one of the skill sets often associated with data analytics?

10. Which of the following is a set of standards created by the AICPA for data files and fields in order to support external audits?