ACIS 4654 Final

Auditor? I just met her?

100

You get notified that there was an issue with the three-way match for a recent cash disbursement.  When you go to check it, there wasn't actually an issue.  This is an example of a (an)

False Positive

200

Aging of Accounts Receivable is considered this type of analytic

Descriptive

300

If you are auditing a company with five different types of ERPs, it is considered this type of ERP system

Heterogenous

400

Classification is considered this type of analytic

Predictive

500

Drill Down analysis is considered this type of analytic

Diagnostic

SOC it to me!

100

You want a report to see if financial reporting controls are designed and operating effectively for the fiscal year 2021....what kind of report do you need!

SOC 1 - Type 2 Report

200

You want to see if there are controls around confidentiality that are designed effectively as of June 30th, 2021

SOC 2 - Type 1

300

You want to see if there are privacy controls that have been designed and are operating effectively for January 1st through March 30th, 2021.

SOC 2 - Type 2

400

You want to see if the controls around financial reporting are designed effectively as of October 31st, 2021.

SOC 1 - Type 1

500

You want to see if processing integrity controls have been designed effectively as of December 31st, 2021.

SOC 2 - Type 1

Taxes and Death

100

I'm a subsection of a Data Warehouse that allows you to look at only the pertinent tax data you need for tax analytics!

Tax Data Mart

200

Name two red flags that may trigger an audit!

Unreported Income or Information mismatch or related exams or part of a tax scam

300

Tax planning is a huge part of tax analytics.  What type of analytic (best type) would help you determine which new market to enter into

What-if Analysis

400

I'm the algorithm that the IRS uses to determine who gets audited....aka, your worst nightmare!

Discriminant Function Algorithm

500

You are Tesla....you just made a huge profit on capital gains...how can you avoid paying taxes on it (part of a 2018 law)

Opportunity Zones

KPI WHY?

100

Define two of the four items that must be defined in a company's strategy!

1.Defining the market 

2.Defining the customer 

3.Identifying the critical internal processes 

4.Determining the individual and organizational capabilities 

200

Name two of the types of measurements that must be balanced on a balanced scorecard

1.Short term and Long term

2.External and Internal

3.Leading indicators and Lagging indicators

4.Objective measures and Subjective measures

300

I'm a KPI concerning whether or not you passed your training on the new analytics software.  Which category of the balance scorecard do I fall intor?

Organizational Capacity

400

I'm a KPI measuring revenue.  Which part of the balanced scorecard do I fall on?

Financial

500

I'm a KPI measuring the number of complaints you've received for your products in the past three months.  Which part of the balanced scorecard do I fall on?

Customer

XBRL and other eXtra Financial Nonsense

100

XBRL....what does it stand for?

eXtensible Business Reporting Language

200

XBRL...Who has to use it?

All publicly traded companies

300

A tiny graph (typically line chart)....I mean tiny, shows up in one Excel cell with no Axis is called what?

Sparkline

400

What is the collection of tags within XBRL referred to as?

Taxonomy

500

What type of ratio (one of the four generic categories) am I going to use to see if I have enough money to pay my bills coming due next month?

Liquidity