Current Attempt in Progress

Match each statement to the most appropriate professional practice area. Each practice area can be used once, more than once, or not at all.

Statement

Steven engaged in data mining as part of the risk assessment process to determine if there were concerning patterns in his client's sales cycle data.

Chi used process mining to examine systems delays and errors. Her analysis results help identify new policies to optimize the system functionality.

Wynn used textual analysis tools to better classify his company's multijurisdictional transactions for compliance with new tax laws.

Henry employs smart contracts for all new leases made by his company. The smart contracts will improve GAAP lease classifications and revenue recognition.

Jamal automated the process of calculating depreciation expense for his company's fixed assets by creating an Excel macro. He runs this macro at the end of each month to create his adjusting entry to record depreciation expense.

John used textual analysis software to identify sentiment in his client's press releases. His goal is to identify additional risks of material misstatements in his client's financial statements.

Practice Area

Accounting information systems

Accounting information systems

Auditing

Financial accounting

Managerial accounting

Tax accounting