Auditor?
I just met her?
I just met her?
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
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
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
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
XBRL....what does it stand for?
eXtensible Business Reporting Language
Aging of Accounts Receivable is considered this type of analytic
Descriptive
You want to see if there are controls around confidentiality that are designed effectively as of June 30th, 2021
SOC 2 - Type 1
Name two red flags that may trigger an audit!
Unreported Income or Information mismatch or related exams or part of a tax scam
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
XBRL...Who has to use it?
All publicly traded companies
If you are auditing a company with five different types of ERPs, it is considered this type of ERP system
Heterogenous
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
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
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
A tiny graph (typically line chart)....I mean tiny, shows up in one Excel cell with no Axis is called what?
Sparkline
Predictive
You want to see if the controls around financial reporting are designed effectively as of October 31st, 2021.
SOC 1 - Type 1
I'm the algorithm that the IRS uses to determine who gets audited....aka, your worst nightmare!
Discriminant Function Algorithm
If you have a KPI measurement value....how do you know if its good or not?
Need a benchmark!
What is the collection of tags within XBRL referred to as?
Taxonomy
Drill Down analysis is considered this type of analytic
You want to see if processing integrity controls have been designed effectively as of December 31st, 2021.
SOC 2 - Type 1
Opportunity Zones
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
What type of ratio (one of the four generic categories) am I going to use to see if I'm going out of business
Solvency