Which of the Following Should Be the First Step That

question 33

Multiple Choice

Which of the following should be the first step that an internal auditor takes to establish data integrity when building an audit working copy of a large database?

• A) Search for anomalies in the extracted information.
• B) Verify that all required data was downloaded.
• C) Review the data for statistical patterns.
• D) Ensure that the data is efficiently organized within the database.

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Definitions:

Phillips Curve

A macroeconomic model describing an inverse relationship between rates of unemployment and corresponding rates of inflation, suggesting that inflation and unemployment have a stable and inverse relationship.

Federal Reserve

The central bank of the United States, responsible for regulating the US monetary and financial system.

Money Supply

The comprehensive pool of financial assets in an economy at any given time, which includes coins, cash, and the amounts in both checking and savings accounts.

Inflation

The rate at which the general level of prices for goods and services is rising, subsequently eroding purchasing power.