Page 82 - CITP Review

5. Which is not a basic objective of any system of data governance for Sunny Day Corp.?

a. Enable better decision-making.
b. Reduce operational friction.
c. Protect the needs of data stakeholders.
d. Ensure against fraudulent data transactions.
6. Which is not a basic data governance principle?

a. Integrity.
b. Auditability.
c. Accountability.
d. Confidentiality.

7. Data analytics refers to the analysis of raw data sets with the goal of reaching conclusions about the
information therein. Which is involved with the use of most data analytics today?

a. Specialized tools and software.
b. The use of experts.
c. The engagement of a CPA.
d. A data scientist.

8. Which are the three main types of data analytics?
a. Qualitative analysis, descriptive statistics, and data visualization
b. Quantitative analysis, descriptive statistics, and data visualization
c. Qualitative analysis, predictive analytics, and data visualization
d. Qualitative analysis, predictive analytics, and data stabilization

9. Which is not a category of reporting tools?

a. Single purpose.
b. Visualization.
c. Strategy.
d. Performance management.
10. Which is not an example of a visual tool?

a. EIS.
b. OLAP.
c. Microsoft Power BI.
d. ILM.

11. The management of Sunny Day Corp. asked their CITP to perform an analysis on multiple data sets,
including financial and nonfinancial data to get a handle on forward-looking insights. Which is this an
example of?

a. Financial forecasting.
b. Financial modeling.
c. Prescriptive analytics.
d. Predictive analytics.

© 2019 Association of International Certified Professional Accountants. All rights reserved. 2-36