Question 1

Why important is it to include labels along with a graph?

Accepted Answer

Graphs can be manipulated by the inclusi

Question 2

Which of the following is the most common way to bias a graph?

Accepted Answer

A)  by not including labels for individual data points 
B)  by not including labels for the axes 
C)  by manipulating the scale of the graph 
D)  by using a scale that starts from zero 
A)  by not including labels for individual data points 
B)  by not including labels for the axes 
C)  by manipulating the scale of the graph 
D)  by using a scale that starts from zero

Question 3

A parameter is a measure that describes a sample.

Accepted Answer

A) True 
 B)False

Question 4

Data mining can detect a fraudulent transaction with certainty.

Accepted Answer

A) True 
 B)False

Question 5

Which of the following is an example of numbers that display a geometric tendency?

Accepted Answer

A)  Social Security numbers 
B)  stock prices 
C)  account numbers 
D)  zip codes 
A)  Social Security numbers 
B)  stock prices 
C)  account numbers 
D)  zip codes

Question 6

Which of the following is a difference between the programs Microsoft Excel and Microsoft Access?

Accepted Answer

A)  In Access, either a number or a formula can be entered into a cell, whereas Excel allows each field to store only one type of data for all the records. 
B)  In Access, it is not necessary to maintain consistency between column headings and the type of data contained in the column, whereas Excel requires it to be consistent. 
C)  In Access, a certain amount of structure is forced on the data analysis project, whereas Excel allows more flexibility in the project. 
D)  In Access, it is not possible to infer if a number appearing in a cell is data point or a calculation just by looking at it, whereas in Excel, the nature of the number is always clear. 
A)  In Access, either a number or a formula can be entered into a cell, whereas Excel allows each field to store only one type of data for all the records. 
B)  In Access, it is not necessary to maintain consistency between column headings and the type of data contained in the column, whereas Excel requires it to be consistent. 
C)  In Access, a certain amount of structure is forced on the data analysis project, whereas Excel allows more flexibility in the project. 
D)  In Access, it is not possible to infer if a number appearing in a cell is data point or a calculation just by looking at it, whereas in Excel, the nature of the number is always clear.

Question 7

Which of the following is a reason why a forensic accountant uses data mining?

Accepted Answer

A)  to generate population of data based on a small sample 
B)  to collect observations that may be presented as evidence of misrepresentation of information 
C)  to reduce a large number of observations to a smaller number that can be examined more closely 
D)  to assist in providing random samples from a large set of data 
A)  to generate population of data based on a small sample 
B)  to collect observations that may be presented as evidence of misrepresentation of information 
C)  to reduce a large number of observations to a smaller number that can be examined more closely 
D)  to assist in providing random samples from a large set of data

Question 8

Which of the following is a reason why dynamic visual exhibits are utilized in a courtroom?

Accepted Answer

A)  A long presentation is less likely to produce memorable highlights. 
B)  Visual tools bring a change in the pace of the presentation and prevent monotony. 
C)  It is easier to present data in a visual form than in words. 
D)  Information can be communicated more efficiently in visual form. 
A)  A long presentation is less likely to produce memorable highlights. 
B)  Visual tools bring a change in the pace of the presentation and prevent monotony. 
C)  It is easier to present data in a visual form than in words. 
D)  Information can be communicated more efficiently in visual form.

Question 9

Which of the following is an advantage of the first-two-digits test?

Accepted Answer

A)  It narrows the range of transactions to be investigated. 
B)  It identifies round numbers which are red flags for invented numbers. 
C)  It indicates instances where digits have been transposed to make the number larger. 
D)  It flags numbers that are repeated frequently as possible fictitious transactions. 
A)  It narrows the range of transactions to be investigated. 
B)  It identifies round numbers which are red flags for invented numbers. 
C)  It indicates instances where digits have been transposed to make the number larger. 
D)  It flags numbers that are repeated frequently as possible fictitious transactions.

Question 10

To conform to Benford's Law,a number series must approximately follow a

Accepted Answer

A)  geometric sequence. 
B)  arithmetic sequence. 
C)  Fibonacci sequence. 
D)  decreasing sequence. 
A)  geometric sequence. 
B)  arithmetic sequence. 
C)  Fibonacci sequence. 
D)  decreasing sequence.

Question 11

Which of the following is an important dimension to be considered while evaluating the distribution of a data set?

Accepted Answer

A)  accuracy of the data 
B)  changes in internal variables 
C)  timing of the distribution 
D)  skewness of the distribution 
A)  accuracy of the data 
B)  changes in internal variables 
C)  timing of the distribution 
D)  skewness of the distribution

Question 12

Which of the following is the first and primary means by which a graph communicates information?

Accepted Answer

A)  label for data points 
B)  scale of axes 
C)  label of the axes 
D)  title of the graph 
A)  label for data points 
B)  scale of axes 
C)  label of the axes 
D)  title of the graph

Question 13

Which of the following statements is true of a bar graph display?

Accepted Answer

A)  It is the same as a line graph. 
B)  It allows for more than one category of data to be presented on the same graph. 
C)  It is used to display qualitative data. 
D)  It cannot be used to chart multiple time series. 
A)  It is the same as a line graph. 
B)  It allows for more than one category of data to be presented on the same graph. 
C)  It is used to display qualitative data. 
D)  It cannot be used to chart multiple time series.

Question 14

Which of the following is a reason why the size of the data set is important to apply Benford's Law?

Accepted Answer

A)  Large data sets often have more irregularities than small data sets. 
B)  It is easier to test small data sets for frequencies of digits, both lower and higher. 
C)  It is more difficult to identify significant deviations from Benford's profile in small data sets. 
D)  The results of tests on large data sets are not as precise as the results of tests on small data sets. 
A)  Large data sets often have more irregularities than small data sets. 
B)  It is easier to test small data sets for frequencies of digits, both lower and higher. 
C)  It is more difficult to identify significant deviations from Benford's profile in small data sets. 
D)  The results of tests on large data sets are not as precise as the results of tests on small data sets.

Question 15

Audit software programs have high cost compared to basic programs and require extensive training to use them effectively.

Accepted Answer

A) True 
 B)False

Question 16

What is the purpose of data mining? Give examples of specific applications of data mining.

Accepted Answer

The purpose of data mining is to identif

Question 17

A bar graph cannot be used to chart multiple time series.

Accepted Answer

A) True 
 B)False

Question 18

Which of the following is a use of the last-two-digits test?

Accepted Answer

A)  It narrows the range of transactions to be investigated. 
B)  It identifies round numbers which are red flags for invented numbers. 
C)  It indicates instances where digits have been transposed to make the number larger. 
D)  It flags numbers that are repeated frequently as possible fraudulent transactions. 
A)  It narrows the range of transactions to be investigated. 
B)  It identifies round numbers which are red flags for invented numbers. 
C)  It indicates instances where digits have been transposed to make the number larger. 
D)  It flags numbers that are repeated frequently as possible fraudulent transactions.

Question 19

Which of the following is true of data mining?

Accepted Answer

A)  It cannot reflect the past behavior of the system being studied. 
B)  It cannot examine the relationships among various factors. 
C)  It cannot analyze an observation from multiple perspectives. 
D)  It cannot detect a fraudulent transaction with certainty. 
A)  It cannot reflect the past behavior of the system being studied. 
B)  It cannot examine the relationships among various factors. 
C)  It cannot analyze an observation from multiple perspectives. 
D)  It cannot detect a fraudulent transaction with certainty.

Question 20

Which of the following is an advantage of generalized audit software?

Accepted Answer

A)  It facilitates alteration of data. 
B)  It costs the same as basic programs and is more efficient. 
C)  It can directly access and analyze data inside the database. 
D)  It does not require extensive training to use it effectively. 
A)  It facilitates alteration of data. 
B)  It costs the same as basic programs and is more efficient. 
C)  It can directly access and analyze data inside the database. 
D)  It does not require extensive training to use it effectively.

Why important is it to include labels along with a graph?

Which of the following is the most common way to bias a graph?

A parameter is a measure that describes a sample.

Data mining can detect a fraudulent transaction with certainty.

Which of the following is an example of numbers that display a geometric tendency?

Which of the following is a difference between the programs Microsoft Excel and Microsoft Access?

Which of the following is a reason why a forensic accountant uses data mining?

Which of the following is a reason why dynamic visual exhibits are utilized in a courtroom?

Which of the following is an advantage of the first-two-digits test?

To conform to Benford's Law,a number series must approximately follow a

Which of the following is an important dimension to be considered while evaluating the distribution of a data set?

Which of the following is the first and primary means by which a graph communicates information?

Which of the following statements is true of a bar graph display?

Which of the following is a reason why the size of the data set is important to apply Benford's Law?

Audit software programs have high cost compared to basic programs and require extensive training to use them effectively.

What is the purpose of data mining? Give examples of specific applications of data mining.

A bar graph cannot be used to chart multiple time series.

Which of the following is a use of the last-two-digits test?

Which of the following is true of data mining?

Which of the following is an advantage of generalized audit software?

Introduction to the World of Forensic Accounting

The Legal Environment of Forensic Accounting

Screening and Staging Engagements

Gathering Evidence Interviews and Observations

Financial Statements Analysis Reading Between the Lines

Fraud and White-Collar Crime

Conducting a Fraud Investigation

Transforming Data Into Evidence

Professional Responsibilities

Fundamentals of Business Valuation

Special Topics

Filters

Exam 9: Transforming Data Into Evidence

Why important is it to include labels along with a graph?

Which of the following is the most common way to bias a graph?

A parameter is a measure that describes a sample.

Data mining can detect a fraudulent transaction with certainty.

Which of the following is an example of numbers that display a geometric tendency?

Which of the following is a difference between the programs Microsoft Excel and Microsoft Access?

Which of the following is a reason why a forensic accountant uses data mining?

Which of the following is a reason why dynamic visual exhibits are utilized in a courtroom?

Which of the following is an advantage of the first-two-digits test?

To conform to Benford's Law,a number series must approximately follow a

Which of the following is an important dimension to be considered while evaluating the distribution of a data set?

Which of the following is the first and primary means by which a graph communicates information?

Which of the following statements is true of a bar graph display?

Which of the following is a reason why the size of the data set is important to apply Benford's Law?

Audit software programs have high cost compared to basic programs and require extensive training to use them effectively.

What is the purpose of data mining? Give examples of specific applications of data mining.

A bar graph cannot be used to chart multiple time series.

Which of the following is a use of the last-two-digits test?

Which of the following is true of data mining?

Which of the following is an advantage of generalized audit software?

Introduction to the World of Forensic Accounting

The Legal Environment of Forensic Accounting

Screening and Staging Engagements

Gathering Evidence Interviews and Observations

Financial Statements Analysis Reading Between the Lines

Fraud and White-Collar Crime

Conducting a Fraud Investigation

Transforming Data Into Evidence

Professional Responsibilities

Fundamentals of Business Valuation

Special Topics

Filters