Which of the Following Is a Difference Between Second-Party Data

question 20

Multiple Choice

Which of the following is a difference between second-party data and third-party data?

• A) Second-party data are obtained from individuals or entities that are related to the subject, whereas third-party data are obtained from entities that maintain records regarding the subject.
• B) The advantage of second-party data is that it can be obtained independently by the forensic accountant, whereas the advantage of third-party data is that it is outside the subject's ability to manipulate.
• C) Second-party data falls under the realm of primary research, whereas third-party data falls under the realm of secondary research.
• D) Second-party data might require more time to obtain, whereas third-party data are readily available to the forensic accountant.

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Definitions:

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