Real Test For Data Analytics Exam With Actual Question & Answer (

Real Test For Data Analytics Exam With Actual Question & Answer (2024 -2025) Which of the following is a computer -assisted audit technique that permits an auditor to insert the auditor's version of a client's program to process data and compare the output with the client's output? A. Test data module. B. Frame relay protocol. C. Remote node router. D. Parallel simulation. - CORRECT ANSWER -D Which of the following computer -assisted auditing techniques processes client input data on a controlled program under the auditor's control to test controls in the computer system? A. Test data. B. Review of program logic. C. Integrated test facility. D. Parallel simulation. SHOW CORRECT ANSWER - CORRECT ANSWER -D An auditor has obtained a file containing transaction -level data extracted from a client's accounting system. The file includes millions of sales, returns, discounts, and allowances. The auditor has verified that the data is reliable. Which of the following procedures can be performed with generalized audit software to test the mathematical accuracy of net sales? A. Comparison of hash totals for the file and the general ledger. B. Attribute sampling. C. Variables sampling. D. Recalculation. SHOW CORRECT ANSWER - CORRECT ANSWER -D Audit data analytics is the process of transforming large amounts of raw data into useful information for the purpose of identifying patterns and irregularities in the audit. Audit data analytics would be least useful in A. Planning the audit for a new client. B. Performing substantive procedures when the reliability of internal data is questionable. C. Performing risk assessment procedures when inherent risks are high. D. Forming a conclusion on the audit of a client that operates in a volatile industry. SHOW CORRECT ANSWER - CORRECT ANSWER -B Audit data analytics can be used in which of the following types of audit procedures? Risk assessmentTests of details A.