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

Name the step in applying and ADA that makes it different than the Impact Cycle

Relevance and Reliability

300

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

Heterogenous

400

This type of regression can be used to help me categorize a transaction I'm auditing as "Fraudulent" or "Not Fraudulent"

Logistics Regression

500

Running a cluster analysis to find outliers is considered this "type" of machine learning

Unsupervised

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

Exam Potpurri

100

Wait a second...when I look at leading digits of all my expenses, 1 shows up the most, then 2, then 3...what is this magic?

Benford's Law

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

I am looking at tweets about Arrested Development.  I want to look at post related to the show not the musical group.  What classification method could help me?

Naive Bayes

400

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

Discriminant Function Algorithm

500

Optical Character Recognition utilizes Computer Vision as well as this AI Capability to translate paper invoices into machine readable text

Natural Language Processing

Analytic Par-Tay

100

I want to figure out if a new customer will be categorized as "Good", "Bad", "Neutral". I should use this Analytic Type.

Classification

200

Are there any natural groupings in my data? This analytic type will tell me.

Clustering

300

I need to forecast salary salary expense. My boss says that headcount, revenue, and utilities expense will be good predictors. I can use this type of analytic to predict salary expense.

Regression

400

I want to look just the expenses incurred for my company that exceeded $15,000.

Data Reduction

500

I have developed a profile for my ideal vendor.  They have less than 100 employees, are local (within 50 miles), and have been in business for at least 10 years. I want to take this profile and find the vendors who fit it. I can use this analytic approach to do this.

Similarity Matching

XBRL and other eXtra Nonsense

100

XBRL....what does it stand for?

eXtensible Business Reporting Language

200

XBRL...Who has to use it?

All publicly traded companies

300

If I want to evaluate a company's performanc year over year, I'll use this type of (directionally named) approach.

Horizontal Analysis

400

This is the section of the balanced scorecard where I'd list KPIs related to consumer complaints

Customer

500

Name two of the ways a balanced scorecard has to be balanced.

Short term vs. Long term

Subjective vs Objective

Strengths vs Weaknesses

External vs Internal