Question
According to SA 240, which of the following is TRUE
regarding auditor’s responsibility in detecting fraud?Solution
Auditors are not responsible to prevent fraud; their role is to obtain reasonable assurance of true and fair financial statements.
What is the main advantage of using data storytelling in presenting data-driven insights?
In Power BI, which feature allows the creation of dynamic and customized summaries of data by dragging and dropping fields into a table-like structure?
Which metric would be most indicative of a customer's likelihood of defaulting on a loan, based on historical data analysis?
Why is sampling an essential method in data analysis, especially when dealing with large datasets?
How does metadata contribute to effective data management in large-scale data systems?
Which technique is most appropriate to handle skewed numerical data in a dataset?
During the data analysis process, which step is crucial for ensuring data accuracy before any modeling or interpretation?
Which of the following is a unique feature of Tableau that distinguishes it from other Business Intelligence tools?
Which sampling technique is best suited for dividing a population into distinct subgroups and ensuring each subgroup is proportionally represented?
Which of the following best defines the role of a data analyst within an organization?
