CAAT-IDEA

1.Is AS400 a valid format for import in CaseWare IDEA?

a) YES
b) NO

2.What does the @REVERSE() function do in CaseWare IDEA?

a) It sorts the data in descending order.

b) It removes duplicate records from the dataset.
c) Reverses the order of characters in a string.
d) It reverses the order of records in a dataset.

3.In IDEA, using the Quick Summarization option, which of the following statements is correct?

a) You can summarize multiple fields simultaneously.

b) You can only summarize a single field.
c) You can only summarize fields that contain numeric data.
d) Quick Summarization is not available for date fields.

4.Which one of the following extract option can't extract the records where the criteria is city= "Kolkata" OR
city="Mumbai"?

a) Key Value
b) Indexed
c) Direct
d) Criteria Property

5.In CaseWare IDEA, the @STRIP() function works similarly to TRIM() function of Excel. -True or False?

a) TRUE
b) FALSE

6.Which sampling method in CaseWare IDEA is best used when you want to ensure each unit in your dataset has an
equal chance of being selected?

a) Systematic Sampling
b) Random Sampling
c) Stratified Sampling
d) Cluster Sampling

7. Which of the following is not a valid operation in CaseWare IDEA?

a) AMIT
b) KUMAR
c) ROY
d) KUMAR ROY

8.There are _________ types of Projects in IDEA.

a) One
b) Two
c) Three
d) Four

9.In IDEA @Len() Function can return the lenth of ______________ .

a) String Type of Field

b) Number Type of Field
 c) Only String and Number
d) All types of Field

10.In the acronym Caseware IDEA, what does the "E" stand for?

a) Extraction
b) Exploration
c) Examination
d) Evaluation

11.What is the full form of CAAT?

a) Computerized Automated Audit Tools

b) Computer-Assisted Audit Techniques
c) Comprehensive Audit Analysis Technology
d) Centralized Audit and Assessment Tools

12.In CaseWare IDEA, what would be the result of the expression @BETWEEN(salary, 10000, 20000) = 0 in append field?

a) It returns True if the salary is between 10,000 and 20,000

b) It returns True if the salary is not between 10,000 and 20,000.
c) It returns the count of records where salary is between 10,000 and 20,000.
d) It returns the sum of salary values between 10,000 and 20,000.

13.From which of the following window in CaseWare IDEA can you print the "Field Definition"?

a) Database Property
b) Project Property
c) Field Manipulation
d) Modify Field

14.In CaseWare IDEA, how can Benford's Law be used to detect anomalies in a database?

a) By comparing historical data trends with current financial data

b) By identifying deviations from the expected frequency distribution of leading digits
c) By assessing the growth rate of financial statements over multiple periods
d) By analyzing the correlation between different financial metrics

15.Which of the following is NOT a type of join available in IDEA?

a) Inner join
b) Outer join
c) Left join
d) Cross join

16.Which of the following is not a precaution when using CAATs?

a) Identify all the important fields that need to be accessed from the system
b) Correctly identify data to be audited
c) Perform substantive testing as required.
d) Running CAATs on a live production environment without prior testing

17.In CaseWare IDEA, once records are sorted, you can revert to their original order using _________________.

a) undo feature
b) a unique identifier in database property , which can be used to restore the original order.
c) the "Revert" option in the database toolbar to return to the original order.
d) restore the original order using the "Sort Order" tab.
18.Which of the following is a limitation of using Excel as a CAAT tool?

a) Advanced statistical analysis capabilities

b) User-friendly interface for complex data modeling
c) High-level integration with other advanced audit software
d) Limited ability to handle large volumes of data

19.We can extract blank records from a database using "Gap Detection" in IDEA. - True or False?

a) TRUE
b) FALSE

20.To append a new field in IDEA database, we can go to _____________ tab.

a) File
b) Home
c) Data
d) Analysis

21.What is the full form of ODBC?

a) Open Database Connector

b) Online Database Communication
c) Open Database Connectivity
d) Oracle Database Command

22.Which of the following function can be used to extract only the numbers from the string "INV_26510"?

a) FindOneOf()
b) Precno()
c) SimilarPhrase()
d) JustNumbers()

23.In CaseWare IDEA, which of the following is true regarding data import and export with Microsoft Access?

a) You can import data from Microsoft Access but cannot export data directly to Microsoft Access.
b) You can export data to Microsoft Access but cannot import data from Microsoft Access.
c) Both importing and exporting data to and from Microsoft Access are supported.
d) Neither importing data from Microsoft Access nor exporting data to Microsoft Access is supported.

24.Without overriding the security feature of IDEA, which of the following type of field can be deleted?

a) Numeric
b) Editable Numeric
c) Virtual Numeric
d) Boolean

25.Which of the following is not a valid operation in CaseWare IDEA?

a) Filtering records
b) Generating random sample
c) Visualizing data with pie charts
d) Performing real-time web scraping
26.In CaseWare IDEA software, besides "Shared," what is another use of a project?

a) Individual
b) Remote
c) Collaborative
d) Integrated

27.What is "Control Total" in IDEA?

a) Last Line of a Database to view Total of fields.

b) Report View of Summarization.
c) A property of active Database to view total of a Field.
d) An option of Direct Extraction that provides the total column of extracted database.

28. In CaseWare IDEA software, what does the term "project" refer to?

a) A set of financial statements being audited

b) A collection of audit standards and guidelines
c) An individual data analysis function
d) A structured file that contains all related data, files, and analysis work

29.In IDEA, using the Quick Summarization option, which of the following statements is correct?

a) You can summarize multiple fields simultaneously.

b) You can only summarize a single field.
c) You can only summarize fields that contain numeric data.
d) Quick Summarization is not available for date fields.

30.In CaseWare IDEA, when using Indexed Extraction, which of the following statements is true regarding extracting
records based on numeric ranges?

a) You can directly extract records where a numeric field value is between two specified numbers, but you cannot
use a "Not Between" condition.
b) You can use both "Between" and "Not Between" conditions directly in Indexed Extraction.
c) Indexed Extraction supports only "Not Between" conditions for numeric ranges, but not "Between" conditions.
d) Indexed Extraction allows for "Between" conditions but requires custom scripting for "Not Between" conditions.

31.which symbol can be used as a function starter for custom functions in IDEA?

a) =
b) $
c) @
d) #

32.Which one of following is not a valid extension of any of IDEA output object/file?

a) .IMD
b) .ILB
c) .ISS
d) .IRR
33.Which sampling method in CaseWare IDEA is best used when you want to ensure each unit in your dataset has an
equal chance of being selected?

a) Systematic Sampling
b) Random Sampling
c) Stratified Sampling
d) Cluster Sampling

34.What is the primary function of CaseWare IDEA?

a) Data entry
b) Data analysis and auditing
c) Financial reporting
d) Project management

35.To extract transactions that occurred on Sundays using date field in direct extraction of CaseWare IDEA, which
function should you apply?

a) Dow()
b) Day()
c) Date()
d) DtoDays()

36.In CaseWare IDEA, how can Benford's Law be used to detect anomalies in a database?

a) By comparing historical data trends with current financial data

b) By identifying deviations from the expected frequency distribution of leading digits
c) By assessing the growth rate of financial statements over multiple periods
d) By analyzing the correlation between different financial metrics

37.In which tab is the "Import" option is available in CaseWare IDEA?

a) File
b) Data
c) Home
d) Analysis

38.In CaseWare IDEA, what is the purpose of the "Field" function?

a) To manage user permissions

b) To define new data columns in a database
c) To create financial statements
d) To generate audit reports

39.In CaseWare IDEA, in which type of field does the "Search" option not work?

a) Text
b) Date
c) Numeric
d) It works on all types of fields
40.What will be the result of the function GETAT(PAN, 4) in CaseWare IDEA, where PAN represents a string or text field?

a) The first 4 characters of PAN

b) The 4th character of PAN
c) The last 4 characters of PAN
d) The substring from the 4th character to the end of PAN

41."Project Overview and Library are not available in a shared project in CaseWare IDEA." - True or False?

a) TRUE
b) FALSE

42.Which of the following extract result in the same database like Autofilter of excel in IDEA?

a) Right Click on any Record > "Display All records Containing"

b) Data Tab > "Search Group"
c) Database Property > Criteria
d) All of the Above.

43.The extraction can be done in ________ different ways in IDEA.

a) One
b) Two
c) Three
d) Four

44.Which tool in CaseWare IDEA helps in identifying unique records in a database?

a) Filter
b) Join
c) Duplicate Detection
d) Sort

45.To extract the records with highest sales amount of every product we can use ______________________ in IDEA.

a) Top Records Extraction

b) Summarization
c) Visual Connector
d) Something else

46.Which of the following digit is most likely to appear as the first digit in a dataset according to Benford's Law?

a) 3
b) 9
c) 5
d) 2

47.In which tab is the "Benford's Law" option is available in CaseWare IDEA?

a) File
b) Home
c) View
d) Non of the Above
48.Which of the following best describes a dataset that conforms to Benford's Law?

a) The first digits appear uniformly across all numbers

b) Higher digits are more frequent as the first digit
c) The frequency of first digits decreases logarithmically as the digits increase
d) The frequency of first digits is equally distributed across all digits

49.In the context of key-value extraction, what does the term “key” refer to?

a) A new index created on one or more fields to find unique values

b) The primary key of the data set
c) A field to specify the physical sorting order position of a record
d) The common field between 2 databases that are in use duing extraction

50.Which of the following types of data cannot be imported directly into CaseWare IDEA?

a) Excel spreadsheets
b) PDF documents
c) Notepad files
d) Word Documents

51.Which of following option to select to create a project in "My IDEA Document" folder?

a) Default Project
b) Managed Project
c) Root Project
d) Saved Project

52.Which of the following is NOT a type of join available in IDEA?

a) Inner join
b) Outer join
c) Left join
d) Cross join

53.Which of the following is not a valid operation in CaseWare IDEA?

a) Filtering records
b) Generating random sample
c) Visualizing data with pie charts
d) Performing real-time web scraping

54.What is the recognizable date format used in CaseWare IDEA?

a) DD/MM/YYYY
b) MMDDYYYY
c) DDMMYYYY
d) YYYYMMDD
55.Which sampling method in CaseWare IDEA is best used when you want to ensure each unit in your dataset has an
equal chance of being selected?

a) Systematic Sampling
b) Random Sampling
c) Stratified Sampling
d) Cluster Sampling

56.Which of the following window or interface can be used to write a function for direct extraction or appending fields?

a) Equation Editor
b) Expression Builder
c) Formula Builder
d) Script Editor

57.To extract transactions that occurred on Sundays using date field in direct extraction of CaseWare IDEA, which
function should you apply?

a) Dow()
b) Day()
c) Date()
d) DtoDays()

58.In CaseWare IDEA, where can you track deleted databases?

a) Data Management tab

b) Project Overview
c) History Property
d) Report Reader

59.What is the primary purpose of the "Aging" function in CaseWare IDEA?

a) To calculate the time elapsed since a record was last updated

b) To categorize transactions or balances into different periods
c) To assess the accuracy of transaction amounts by comparing them with historical data
d) To automate the process of updating records with new data

60.To calculate the total value of transactions per month using a date field in CaseWare IDEA without creating any new
field, which option is useful?

a) Summarization
b) Stratification
c) Aging
d) Pivot Table

61.What is the short cut key to "Validate and Exit" the Equation Editor window in IDEA?

a) Ctrl + E
b) Ctrl + V
c) Ctrl + U
d) Ctrl + F
62.Which Module Allows You To Add Additional Details Or Attachments During Reconciliation

a) Documents
b) Report
c) Inventory Transactions
d) Banking

63.If the given syntax is @split(NAME, "", " ", 1, 1), and the input string "AMIT KUMAR ROY", what is the output?

a) AMIT
b) KUMAR
c) ROY
d) KUMAR ROY

64.To concatenate two IDEA databases into one database, which option should be used in CaseWare IDEA?

a) Merge
b) Join
c) Append
d) Compare

65.What is the primary purpose of applying Benford's Law in an audit using CaseWare IDEA?

a) To verify the accuracy of financial statements

b) To detect possible fraudulent activity or errors in the data
c) To ensure compliance with accounting standards
d) To evaluate the performance of financial management

66.During stratifying a date field in IDEA, which one of the following options is not available?

a) Week
b) Month
c) Quarter
d) Year

67.Which of the following extract result in the same database like Autofilter of excel in IDEA?

a) Right Click on any Record > "Display All records Containing"

b) Data Tab > "Search Group"
c) Database Property > Criteria
d) All of the Above.

68.What is the correct steps to create a project?

a) HOME TAB > PROJECT > CREATE

b) FILE TAB > CREATE > PROJECT
c) HOME TAB > CREATE > PROJECT
d) FILE TAB > PROJECT > CREATE
69.When using the Stratified Sampling method in CaseWare IDEA, how does the software ensure that the sample is
representative of different sub-groups within the data?

a) By dividing the population into sub-groups and sampling proportionally from each
b) By randomly selecting a sample from the entire dataset
c) By selecting every nth item from each sub-group
d) By clustering the data and sampling entire clusters

70.In CaseWare IDEA, which of the following options can be used to determine the change in the value of individual
assets from the previous year?

a) Join
b) Trend Analysis
c) Compare
d) Append

71.When using the "Aging" function in CaseWare IDEA, what is typically required as an input?

a) A date field to determine the aging periods

b) A list of predefined aging categories
c) A set of data transformation rules
d) An external database connection

72.To find out all records from "Kolkata" city, which one of the following extraction can be applied?

a) Key Value
b) Indexed
c) Direct
d) All of the Above.

73.Which of following option to select to create a project in "My IDEA Document" folder?

a) Default Project
b) Managed Project
c) Root Project
d) Saved Project

74.How many types of joining options are available in IDEA?

a) 3
b) 4
c) 5
d) 6

75.In CaseWare IDEA, which sampling method involves selecting every nth item from a list after a random starting
point?

a) Stratified Sampling
b) Cluster Sampling
c) Random Sampling
d) Systematic Sampling