1. The following are all possible causes of duplicate recordsEXCEPT:

a) Different format (e.g. Date format)

b) Lack of global or unique identifier

c) Human error

d) Good controls

2. Which of the following isNOTa component of Big Data?

a) Variety

b) Volume

c) Verticality

d) Velocity

3. Blockchain technology was designed for all of the followingEXCEPT:

a) To use cryptography

b) To be robust

c) To be tamper resistant

d) To be a centralized Ledger

4. Which of the following is NOT true about Continuous Auditing?

a) It uses the concept of Audit by exception

b) It is frequent and Close to real-time

c) It tests the entire population

d) It always prioritizes identified exceptions according to their risk scores

e) It uses analytical methods and validity tests and can detect anomalous transactions sooner than traditional audit

5. The following are all benefits of Continuous AuditingEXCEPT:

a) React more slowly to business risks

b) Leverage technology to perform more efficient internal audits

c) Gain audit evidence more effectively and efficiently

d) Focus audits more specifically

e) Help monitor compliance with policies, procedures, and regulations

6. Examples of the machine learning applications include all of the following EXCEPT:

a) Distributed ledger

b) Image recognition

c) Pattern recognition

d) Fraud detection

e) Bankruptcy prediction

7. Which of the following is NOT a problem that emerges as a result of large number of identified exceptions?

a) Information overload

b) Distinguishing relevant information from noise

c) More efficient audits

d) Ambiguity

e) None of the above (all are problems caused by large numbers of exceptions)

8. Which of the following statement(s) is (are) true about the concept of exceptional exceptions?

a) It helps the auditor focus their effort on the riskier transactions

b) It prioritizes identified exceptions based on the risk they present

c) It uses certain criteria to provide a risk score of all identified exceptions

d) It helps address the problem of information overload caused by large numbers of exceptions

e) All of the above

9. Which of the following are applications of Drones (Select all that apply)?

a) Inspection of financial statements

b) Damage assessment

c) Examining Bridges

d) Inventory count

e) Calculating Amortization