Which Type of Question Would Accountants Most Likely Use Data

question 34

Multiple Choice

Which type of question would accountants most likely use data analytics to answer?

• A)Posting journal entries.
• B)Account reconciliation.
• C)Control framework definitions.
• D)Collectibility of Loans Receivable.

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Definitions:

Tort of Defamation

Legal wrong involving the communication of a false statement that harms the reputation of an individual, business, product, group, government, religion, or nation.

Emotional Distress

A legal term describing significant mental suffering or anguish that arises from an incident caused intentionally or by negligence.

Injurious Falsehood

A false statement made maliciously that causes actual damage to a person's business or property.

Trade Secret

Information, including a formula, practice, process, design, instrument, pattern, or compilation of information, that is not generally known and that a business can keep confidential to gain an economic advantage over competitors or customers.