WGU D550 OBJECTIVE ASSESSMENT V1 & V2
NEWEST 2026 ACTUAL EXAM TEST BANK| D550
ETHICS FOR ACCOUNTANTS OA EXAM WITH
COMPLETE REAL EXAM QUESTIONS AND CORRECT
VERIFIED ANSWERS/ GRADED A+ (MOST RECENT!!)
D550 ETHICS FOR ACCOUNTANTS OA V1.
Which step involves measuring actions and results continuously during
the IMPACT cycle?
1. The Master the data step
2. Perform the test plan step
3. The Track outcomes step
4. The Communicate insights step - Correct Answer - 3. The Track
outcomes step
Which approach to data analytics attempts to characterize the typical
behavior of a group to identify abnormal behavior when conducting
analysis during an IMPACT cycle?
1. Link prediction
2. Co-occurrence grouping
3. Regression
4. Profiling - Correct Answer - 4. Profiling
A company hired a forensic accountant to investigate fraudulent data
reported in employees' travel and entertainment expenses. In the Perform
step of the IMPACT model, the accountant filters through a spreadsheet
of such expenses and condenses the data to a smaller set that focuses on
pg. 1
,the most abnormal items, such as the highest cost. Which data analytics
technique is the forensic accountant using for this investigation?
1. Regression
2. Data reduction
3. Classification
4. Data standardization for comparison - Correct Answer - 2. Data
reduction
An e-commerce platform attempts to find the relationship between
customers based on transactions involving them. A customer who bought
an item would be sold another item either based on items frequently
bought together or based on similar items bought by other customers.
Which analytics technique should be employed for this task?
1. Marginal analysis
2. Co-occurrence grouping
3. Sampling
4. Classification - Correct Answer - 2. Co-occurrence grouping
Suspecting that some employees could be siphoning funds to
themselves, a manufacturing company uses an analytics approach to
identify similar addresses in two database tables: one containing names
of employees and their addresses and the other containing names of the
company's vendors and their addresses. Which analytics technique is the
company using in this case?
1. Regression
2. Profiling
3. Fuzzy matching
4. Gap detection - Correct Answer - 3. Fuzzy matching
pg. 2
,A large pharmaceutical company based in New Jersey convened a
meeting of senior management with the managers in the tax planning
group. The management asked, "How can we take maximum advantage
of R&D tax credits over the next three years?" Which analytics type
should the tax planning group employ to answer this question?
1. Descriptive analytics
2. Diagnostic analytics
3. Predictive analytics
4. Prescriptive analytics - Correct Answer - 4. Prescriptive analytics
Which type of business management software combines programs from
all parts of a business, such as finance, accounting, manufacturing, and
human resources, into one single system?
1. Enterprise resource planning
2. Retail data analytics
3. The Electronic Data Gathering, Analysis, and Retrieval system
4. The Bureau of Economic Analysis - Correct Answer - 1. Enterprise
resource planning
The United States Congress passed which act as a result of the subprime
mortgage crisis?
1. Dodd-Frank Wall Street Reform and Consumer Protection Act.
2. American Recovery and Reinvestment Act.
3. United States Patriot Act.
4. Chinese Exclusion Act. - Correct Answer – 1. Dodd-Frank Wall Street
Reform and Consumer Protection Act.
pg. 3
, Which regulation required the establishment of the Public Company
Accounting Oversight Board (PCAOB)?
1. U.S. Foreign Corrupt Practices Act.
2. Dodd-Frank Wall Street Reform & Consumer Protection Act.
3. Investment Advisors Act.
4. Sarbanes-Oxley Act - Correct Answer – 4. Sarbanes-Oxley Act
The following practitioners may represent their clients before IRS
Appeals Officers, Revenue Officers, Counsel or similar officers or
employees of the Internal Revenue Services, or before the Treasury
Department, EXCEPT
1. Enrolled Agents.
2. Attorneys.
3. Registered Tax Return Preparers.
4. Certified Public Accountants. - Correct Answer – 3. Registered Tax
Return Preparers.
Professional accountants who prepare audit reports should primarily
focus their loyalty toward
1. Management and Directors
2. Stockholders
3. Public Interest
4. Firm Profits - Correct Answer – 3. Public Interest
Which of the following is NOT an ethical theory that applies to people
making ethical decisions in a business environment?
pg. 4
NEWEST 2026 ACTUAL EXAM TEST BANK| D550
ETHICS FOR ACCOUNTANTS OA EXAM WITH
COMPLETE REAL EXAM QUESTIONS AND CORRECT
VERIFIED ANSWERS/ GRADED A+ (MOST RECENT!!)
D550 ETHICS FOR ACCOUNTANTS OA V1.
Which step involves measuring actions and results continuously during
the IMPACT cycle?
1. The Master the data step
2. Perform the test plan step
3. The Track outcomes step
4. The Communicate insights step - Correct Answer - 3. The Track
outcomes step
Which approach to data analytics attempts to characterize the typical
behavior of a group to identify abnormal behavior when conducting
analysis during an IMPACT cycle?
1. Link prediction
2. Co-occurrence grouping
3. Regression
4. Profiling - Correct Answer - 4. Profiling
A company hired a forensic accountant to investigate fraudulent data
reported in employees' travel and entertainment expenses. In the Perform
step of the IMPACT model, the accountant filters through a spreadsheet
of such expenses and condenses the data to a smaller set that focuses on
pg. 1
,the most abnormal items, such as the highest cost. Which data analytics
technique is the forensic accountant using for this investigation?
1. Regression
2. Data reduction
3. Classification
4. Data standardization for comparison - Correct Answer - 2. Data
reduction
An e-commerce platform attempts to find the relationship between
customers based on transactions involving them. A customer who bought
an item would be sold another item either based on items frequently
bought together or based on similar items bought by other customers.
Which analytics technique should be employed for this task?
1. Marginal analysis
2. Co-occurrence grouping
3. Sampling
4. Classification - Correct Answer - 2. Co-occurrence grouping
Suspecting that some employees could be siphoning funds to
themselves, a manufacturing company uses an analytics approach to
identify similar addresses in two database tables: one containing names
of employees and their addresses and the other containing names of the
company's vendors and their addresses. Which analytics technique is the
company using in this case?
1. Regression
2. Profiling
3. Fuzzy matching
4. Gap detection - Correct Answer - 3. Fuzzy matching
pg. 2
,A large pharmaceutical company based in New Jersey convened a
meeting of senior management with the managers in the tax planning
group. The management asked, "How can we take maximum advantage
of R&D tax credits over the next three years?" Which analytics type
should the tax planning group employ to answer this question?
1. Descriptive analytics
2. Diagnostic analytics
3. Predictive analytics
4. Prescriptive analytics - Correct Answer - 4. Prescriptive analytics
Which type of business management software combines programs from
all parts of a business, such as finance, accounting, manufacturing, and
human resources, into one single system?
1. Enterprise resource planning
2. Retail data analytics
3. The Electronic Data Gathering, Analysis, and Retrieval system
4. The Bureau of Economic Analysis - Correct Answer - 1. Enterprise
resource planning
The United States Congress passed which act as a result of the subprime
mortgage crisis?
1. Dodd-Frank Wall Street Reform and Consumer Protection Act.
2. American Recovery and Reinvestment Act.
3. United States Patriot Act.
4. Chinese Exclusion Act. - Correct Answer – 1. Dodd-Frank Wall Street
Reform and Consumer Protection Act.
pg. 3
, Which regulation required the establishment of the Public Company
Accounting Oversight Board (PCAOB)?
1. U.S. Foreign Corrupt Practices Act.
2. Dodd-Frank Wall Street Reform & Consumer Protection Act.
3. Investment Advisors Act.
4. Sarbanes-Oxley Act - Correct Answer – 4. Sarbanes-Oxley Act
The following practitioners may represent their clients before IRS
Appeals Officers, Revenue Officers, Counsel or similar officers or
employees of the Internal Revenue Services, or before the Treasury
Department, EXCEPT
1. Enrolled Agents.
2. Attorneys.
3. Registered Tax Return Preparers.
4. Certified Public Accountants. - Correct Answer – 3. Registered Tax
Return Preparers.
Professional accountants who prepare audit reports should primarily
focus their loyalty toward
1. Management and Directors
2. Stockholders
3. Public Interest
4. Firm Profits - Correct Answer – 3. Public Interest
Which of the following is NOT an ethical theory that applies to people
making ethical decisions in a business environment?
pg. 4
