1- Which of the following best describes continuous auditing?

Audit-related activities are performed throughout the period under review.

The database extracts every 10th transaction and flags it for audit review.

Auditors can generate greater fees by increasing the amount of manual testing performed for the client.

The full audit team remains on the client site for the entire fiscal year.

2-

Which of the following uses best describes the use of a VPN?

Lease dedicated communication lines to guarantee connection performance between remote office locations.

Allow employees traveling for business to connect to home office computing resources.

Allocates computing resources among multiple processors and operating systems.

Connect computers, printers, and file servers in an office building.

3-

In blockchain, assets MUST have the definition according to FASB. Assets are probably future economic benefits obtained or controlled by a particular entity as a result of past transactions or events.

True

False

4-

Blockchains fixes the problem with off-the-books transactions.

True

False

5-

Structured data includes all the follow except:

Audio

Video

Numeric

Textual

6-

Referencing the article you read on the AICPA Blue Sky paper, audit data analytics includes all the following but:

preliminary analytical procedures

substantive analytical procedures

traditional file interrogration

blockchain solution in the audit

7-

Referencing the article you read on the AICPA Blue Sky paper, potential opportunities of audit data analytics includes:

		Identifying and assessing risks associated with the continuous audit.
		The risks of material misstatement through understanding the entity and its environment.
		Performing analytics procedures near the end of the audit to assist the auditor when forming an overall conclusion about there the financial statements are consistent with the auditor's understanding of the entity.
		All of the above