IDEA

IDEA Software is an example of a

• CAAT

• ERP

• SPREADSHEET

• OFFICE AUTOMATION TOOL

CAAT is the acronym for Computer Assisted Audit Techniques

• True

• False

• May be

• Sorry, I can't think of anything clever

importing the data in IDEA path is

• Home Tab-> Import-> Outer Space

• Home Tab-> Import-> Desktop

• Home Tab-> Import-> New

• All of the above

The following command button is not present under the "ANALYSIS" tab

• Append Field

• Stratification

• Gap Detection

• Direct

What is the primary benefit of using the "Sampling" feature in CaseWare IDEA?

• To reduce the amount of data needed for analysis

• To increase the accuracy of data analysis results

• To identify outliers and anomalies in data

• To automate the data analysis process

Summarization option is available under....

• Analysis Tab-> Categorize-> Summarization

• Analysis Tab-> Alphabetize-> Alphabetization

• Analysis Tab-> Stratification-> Summarization

• Data Tab-> Stratification-> Summarization

Which of the following is a common use of the "Fuzzy Duplicate Detection" feature in CaseWare IDEA?

• To identify potential duplicate transactions with slight variations in data

• To create reports based on large datasets

• To import data from external sources

• To automate routine data analysis tasks

In IDEA ........................... can be used to type the Expressions

• Equation Editor

• Spreadsheet Predicator

• Expression Editor

• Formula Definer

Which of the following is a function that cannot be performed using CaseWare IDEA?

• Importing data from external sources

• Creating custom scripts for data analysis

• Accounting & Bookkeeping

• Prepare aged summaries of data

Which of the following is a common use of the "Benford's Law" feature in CaseWare IDEA?

• To detect potential fraud or errors in financial data

• To create visualizations of large datasets

• To filter and sort data based on specific criteria

• To automate data import and export tasks