Matching Information in Key Data Fields _______

question 75

Multiple Choice

Matching information in key data fields _______.

• A)is a process where the auditor uses audit data analytics to search for key characteristics that may exist in several different databases
• B)is a process where the auditor uses audit data analytics to search for key characteristics that may exist in the same database
• C)is typically a task assigned to the internal audit function
• D)is a process where the auditor uses his or her understanding of inherent risk to search for key characteristics that may exist in several different databases

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Definitions:

CPI

The Consumer Price Index, a measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food, and medical care.

Inflation Rate

The velocity at which the broad price level of goods and services climbs, reducing purchasing capability.

Aggregate Demand

The total demand for all goods and services within a particular economy at a given overall price level and in a given period.

Aggregate Supply

The total output of goods and services that producers in an economy are willing and able to supply at a given overall price level in a specified time period.