Predictive analytics can create forecasts used in making recommendations for future courses of action.

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False

Most accountants have never performed descriptive analytics in their regular work.

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True

False

Accountants can use data from company sources, such as enterprise resource planning systems, customer relationship management systems, and point-of-sale systems,to gain insight into future outcomes to guide choices between various actions,

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True

False

Benford's law is frequently used in forensic accounting.

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True

False

A traditional ledger system is a closed system controlled at a centralized location, and the individuals at this location are responsible for the ledger's maintenance and integrity.

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False

Instead of keeping separate records documenting to document transactions, they can be written directly into a decentralized ledger. As a result, each transaction is distributed and cryptographically signed to protect it from being altered in the future.

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False

Blockchain technology and data analytical tools are likely to replace accountants.

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True

False