ACCT425 EXAM 2025/2026 QUESTIONS
AND ANSWERS 100% PASS
Machine learning (ML) - ANS sub-set of artificial intelligence; generally understood as the
ability of the system to make predictions or draw conclusions based on the analysis of a large
historical data set; intelligent bookkeeping, improving fraud detection, making sense of
complexities in taxation, effective non-financial reporting
robotic process automation - ANS software that can be easily programmed or instructed by
end users to perform high-volume, repeatable, rules-based tasks; automates the logical transfer
of data within processes quickly and accurately, freeing up valuable resources from mundane
tasks
cloud computing - ANS practice of using a network of remote servers hosted on the internet
to store, manage, and process data, rather than a local server or a personal computer; software
as a service, infrastructure as a service, network as a service, platform as a service
implementation challenges of cloud computing - ANS data quality, data governance, vendor
stability, storage accessibility and security
blockchain and cryptocurrencies - ANS intial coin offerings, fraud risk, money laundering is
again a key risk for economies and regulators, who will also have concerns around unregulated
ICOs
1 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED
,initial coin offerings - ANS receive coins/tokens in exchange for a payment, made in a
cryptocurrency rather than a fiat currency
distributed ledger - ANS technology that checks that transactions are genuine by referencing
previous transactions and grouping them into "block"; blocks then get added to a 'chain' of
successive events to create the single, accurate view of the full list and sequence of
transactions for all network participants to date
fintech - ANS transforming finance explores the features of this new landscape, highlighting
the many ways in which this revolution is taking place
cybersecurity - ANS reality is that you will face a cyber attack, question is how you manage
the number one risk for many organizations - resilience, recovery, and contingency
resilience - ANS protecting the organization, as far as possible, from the impact of an attack
utilizing policies and procedures
recovery - ANS the process of managing after an attack has occurred to recover to business
as usual as soon as possible
contingency - ANS testing procedures that need to be activated once an attack has occurred
mobile devices - ANS because very common, IT departments cannot contain valuable data
and hardware with a rigid perimeter that is easy to monitor and protect
mobile/contactless payments - ANS systems are attractive to criminals; Applepay is likely to
be actively targeted
2 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED
, cloud data - ANS breaches will remain a concern; the following are developed to mitigate the
risks: advisory and regulatory frameworks, methodologies for due diligence checks and testing
of performance and resilience
big data - ANS risks include 'salami slicing' techniques bringing together seemingly disparate
data to from a pattern for use in identity fraud
internet of things - ANS could provide detailed data of those living in a smart home,
especially if poorly conceived hardware and software provides a gateway for hackers
social media - ANS *culture of openness and collaboration established around them;
organizations need to define their strategies for both external and internal channels;
**reputations can be won or lost according to how you react, time to react can be measure in
minutes, stories go viral
social media strategy - ANS encompasses the management of your channels, identify how
crises are to managed including social media interactions; test plans and learn lessons; use tools
to improve your internal collaboration; consider how to manage the impact of data privacy
regulations on the use of personal social media accounts for external communications
audit and technology - ANS re-inventing internal controls; robotics, IoT sensors, drones,
cloud computing, advanced analytics, AI and blockchain
strategic information systems - ANS cloud computing, XAAS, edge computing
cloud computing - ANS buying IT capacity and applications as needed from a utility service
provider, make everything available to end users through the internet, ability to access
software and apps from wherever, while it is being hosted by an outside party; on demand-
rather than buying the resources you pay as you go ex: renting a car vs. paying the cab for the
minutes
3 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED
AND ANSWERS 100% PASS
Machine learning (ML) - ANS sub-set of artificial intelligence; generally understood as the
ability of the system to make predictions or draw conclusions based on the analysis of a large
historical data set; intelligent bookkeeping, improving fraud detection, making sense of
complexities in taxation, effective non-financial reporting
robotic process automation - ANS software that can be easily programmed or instructed by
end users to perform high-volume, repeatable, rules-based tasks; automates the logical transfer
of data within processes quickly and accurately, freeing up valuable resources from mundane
tasks
cloud computing - ANS practice of using a network of remote servers hosted on the internet
to store, manage, and process data, rather than a local server or a personal computer; software
as a service, infrastructure as a service, network as a service, platform as a service
implementation challenges of cloud computing - ANS data quality, data governance, vendor
stability, storage accessibility and security
blockchain and cryptocurrencies - ANS intial coin offerings, fraud risk, money laundering is
again a key risk for economies and regulators, who will also have concerns around unregulated
ICOs
1 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED
,initial coin offerings - ANS receive coins/tokens in exchange for a payment, made in a
cryptocurrency rather than a fiat currency
distributed ledger - ANS technology that checks that transactions are genuine by referencing
previous transactions and grouping them into "block"; blocks then get added to a 'chain' of
successive events to create the single, accurate view of the full list and sequence of
transactions for all network participants to date
fintech - ANS transforming finance explores the features of this new landscape, highlighting
the many ways in which this revolution is taking place
cybersecurity - ANS reality is that you will face a cyber attack, question is how you manage
the number one risk for many organizations - resilience, recovery, and contingency
resilience - ANS protecting the organization, as far as possible, from the impact of an attack
utilizing policies and procedures
recovery - ANS the process of managing after an attack has occurred to recover to business
as usual as soon as possible
contingency - ANS testing procedures that need to be activated once an attack has occurred
mobile devices - ANS because very common, IT departments cannot contain valuable data
and hardware with a rigid perimeter that is easy to monitor and protect
mobile/contactless payments - ANS systems are attractive to criminals; Applepay is likely to
be actively targeted
2 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED
, cloud data - ANS breaches will remain a concern; the following are developed to mitigate the
risks: advisory and regulatory frameworks, methodologies for due diligence checks and testing
of performance and resilience
big data - ANS risks include 'salami slicing' techniques bringing together seemingly disparate
data to from a pattern for use in identity fraud
internet of things - ANS could provide detailed data of those living in a smart home,
especially if poorly conceived hardware and software provides a gateway for hackers
social media - ANS *culture of openness and collaboration established around them;
organizations need to define their strategies for both external and internal channels;
**reputations can be won or lost according to how you react, time to react can be measure in
minutes, stories go viral
social media strategy - ANS encompasses the management of your channels, identify how
crises are to managed including social media interactions; test plans and learn lessons; use tools
to improve your internal collaboration; consider how to manage the impact of data privacy
regulations on the use of personal social media accounts for external communications
audit and technology - ANS re-inventing internal controls; robotics, IoT sensors, drones,
cloud computing, advanced analytics, AI and blockchain
strategic information systems - ANS cloud computing, XAAS, edge computing
cloud computing - ANS buying IT capacity and applications as needed from a utility service
provider, make everything available to end users through the internet, ability to access
software and apps from wherever, while it is being hosted by an outside party; on demand-
rather than buying the resources you pay as you go ex: renting a car vs. paying the cab for the
minutes
3 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED
