Data Analytics for Auditors

question 4

Multiple Choice

Data analytics for auditors

• A)is about enhancing audit quality.
• B)offers a practical way for management to manage some important aspects of IT systems in larger entities.
• C)provides the means to better identify financial reporting, operational business risks and fraud.
• D)a and C

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Definitions:

Securities Exchange Act

A U.S. federal law enacted in 1934 that regulates the securities industry, including the secondary trading of securities, to protect investors against malpractices.

NYSE Arca System

An electronic securities exchange in the U.S. for exchange-traded products, including ETFs and equity options.

Conflicts of Interest

Situations in which an individual or entity has competing interests or loyalties that could potentially influence the objective judgment or actions in their role.

Professional Conduct

Adherence to ethical standards and practices expected in a professional setting, often governed by official bodies or codes of ethics.