Machine Learning – NBC Institute

AAA – Nov 2023 – L3 – SC – Q5 – Audit of IT Systems and Data Analytics

Discusses COBIT's purposes, components, and its application in business processes for IT governance and audit functions.

Question

Hillary Professional Services is a medium-sized firm on a retreat having successfully combined business operations to take advantage of mandatory audit rotation guidelines. At the retreat, it was agreed that a robust software to reduce paperwork was inevitable. All along, one of the combined firms has an Information Technology (IT) Unit which has been strengthened with state-of-the-art equipment.

All auditors are now encouraged to show more interest in information technology, especially in areas relating to data analytics, artificial intelligence, and machine learning. Undoubtedly, understanding the business information system used by management is necessary as they affect risk assessment involved in the financial reporting process. It was also concluded that obtaining an understanding of the field of information technology is a standard audit procedure to be followed; otherwise, it will be difficult to evaluate the adequacy of the expert’s work as recommended by International Standards on Auditing. The purpose of the merger will be defeated if the firm will not be able to win jobs and perform well in a highly competitive market. The after-effect of the COVID-19 pandemic has also revealed that one could work with flexibility anywhere if there is a robust audit software in place.

The IT Audit Partner made a presentation on “COBIT (Control Objectives for Information and Related Technologies) – a globally accepted suite of tools that a client might use in order to ensure IT is working effectively.” He stated that COBIT is all about doing the right things the right way in order to deliver benefits to the client.

You are a staff of Hillary Professional Services. Based on the presentation made on COBIT at the retreat, you have been divided into groups and the groups are to debrief the main group after one hour.

Required:

a. State the purposes of COBIT (Control Objectives for Information and Related Technologies).
(3 Marks)

b. Identify and explain the specific components of COBIT.
(8 Marks)

c. Explain how COBIT will be applied in the business process.
(4 Marks)

Total: 15 Marks

Answer

Find Related Questions by Tags, levels, etc.

Tags: Audit Procedure, Audit Standards, COBIT, Data Analytics, Digital Transformation, Financial Reporting, Information Systems, IT Governance, Machine Learning
Level: Level 3

Topic: Audit of IT Systems and Data Analytics
Series: NOV 2023

MI – Nov 2023 – L1 – SB – Q6a – Statistical Analysis and Machine Learning Technologies

define machine learning and simulation, list types and applications of machine learning

Question

Over the years, machine learning has become one of the mainstays of Information Technology.

You are required to:
i. Define Machine Learning. (2 Marks)
ii. Enumerate SIX applications of machine learning. (3 Marks)
iii. List FOUR categories/types of machine learning. (2 Marks)

Answer

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Tags: Machine Learning, Simulation
Level: Level 1

Topic: Statistical Analysis and Machine Learning Technologies
Series: NOV 2023

MI – May 2023 – L1 – SB – Q6b – Computer Hardware, Software, and Data Life Cycle

This question asks for differences between machine learning and statistical learning.

Question

Identify and explain FOUR differences between machine learning and statistical learning.

Answer

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Tags: AI, Algorithms, Machine Learning, Statistical Learning
Level: Level 1

Topic: Computer Hardware, Software, and Data Life Cycle
Series: MAY 2023

MI – May 2023 – L1 – SB – Q6a – Computer Hardware, Software, and Data Life Cycle

This question asks for the definition of machine learning.

Question

What is “Machine Learning”?

Answer

Find Related Questions by Tags, levels, etc.

Tags: AI, Algorithms, Machine Learning
Level: Level 1

Topic: Computer Hardware, Software, and Data Life Cycle
Series: MAY 2023

FA – May 2024 – L1 – SB – Q1b – Virtual Accounting: Digitisation

Explains the impact of machine learning, AI, data analytics, mobile accounting, and specialized accounting software on accounting systems.

Question

Briefly explain the impact of digital technologies on accounting systems, focusing on machine learning and artificial intelligence, data analytics, mobile accounting, and specialized accounting software. (10 Marks)

Answer

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Level: Level 1

Topic: Virtual Accounting: Digitisation
Series: MAY 2024

AAA – Nov 2023 – L3 – SC – Q5 – Audit of IT Systems and Data Analytics

Discusses COBIT's purposes, components, and its application in business processes for IT governance and audit functions.

Question

Required:

a. State the purposes of COBIT (Control Objectives for Information and Related Technologies).
(3 Marks)

b. Identify and explain the specific components of COBIT.
(8 Marks)

c. Explain how COBIT will be applied in the business process.
(4 Marks)

Total: 15 Marks

Answer

Find Related Questions by Tags, levels, etc.

Tags: Audit Procedure, Audit Standards, COBIT, Data Analytics, Digital Transformation, Financial Reporting, Information Systems, IT Governance, Machine Learning
Level: Level 3

Topic: Audit of IT Systems and Data Analytics
Series: NOV 2023

MI – Nov 2023 – L1 – SB – Q6a – Statistical Analysis and Machine Learning Technologies

define machine learning and simulation, list types and applications of machine learning

Question

Over the years, machine learning has become one of the mainstays of Information Technology.

You are required to:
i. Define Machine Learning. (2 Marks)
ii. Enumerate SIX applications of machine learning. (3 Marks)
iii. List FOUR categories/types of machine learning. (2 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Machine Learning, Simulation
Level: Level 1

Topic: Statistical Analysis and Machine Learning Technologies
Series: NOV 2023

MI – May 2023 – L1 – SB – Q6b – Computer Hardware, Software, and Data Life Cycle

This question asks for differences between machine learning and statistical learning.

Question

Identify and explain FOUR differences between machine learning and statistical learning.

Answer

Find Related Questions by Tags, levels, etc.

Tags: AI, Algorithms, Machine Learning, Statistical Learning
Level: Level 1

Topic: Computer Hardware, Software, and Data Life Cycle
Series: MAY 2023

MI – May 2023 – L1 – SB – Q6a – Computer Hardware, Software, and Data Life Cycle

This question asks for the definition of machine learning.

Question

What is “Machine Learning”?

Answer

Find Related Questions by Tags, levels, etc.

Tags: AI, Algorithms, Machine Learning
Level: Level 1

Topic: Computer Hardware, Software, and Data Life Cycle
Series: MAY 2023

FA – May 2024 – L1 – SB – Q1b – Virtual Accounting: Digitisation

Explains the impact of machine learning, AI, data analytics, mobile accounting, and specialized accounting software on accounting systems.

Question

Answer

Find Related Questions by Tags, levels, etc.

Tags: Accounting Systems, AI, Data Analytics, Digital Technologies, Machine Learning, Mobile Accounting
Level: Level 1

Topic: Virtual Accounting: Digitisation
Series: MAY 2024

Question Tag: Machine Learning

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AAA – Nov 2023 – L3 – SC – Q5 – Audit of IT Systems and Data Analytics

Discusses COBIT's purposes, components, and its application in business processes for IT governance and audit functions.

MI – Nov 2023 – L1 – SB – Q6a – Statistical Analysis and Machine Learning Technologies

define machine learning and simulation, list types and applications of machine learning

MI – May 2023 – L1 – SB – Q6b – Computer Hardware, Software, and Data Life Cycle

This question asks for differences between machine learning and statistical learning.

MI – May 2023 – L1 – SB – Q6a – Computer Hardware, Software, and Data Life Cycle

This question asks for the definition of machine learning.

FA – May 2024 – L1 – SB – Q1b – Virtual Accounting: Digitisation

Explains the impact of machine learning, AI, data analytics, mobile accounting, and specialized accounting software on accounting systems.

AAA – Nov 2023 – L3 – SC – Q5 – Audit of IT Systems and Data Analytics

Discusses COBIT's purposes, components, and its application in business processes for IT governance and audit functions.

MI – Nov 2023 – L1 – SB – Q6a – Statistical Analysis and Machine Learning Technologies

define machine learning and simulation, list types and applications of machine learning

MI – May 2023 – L1 – SB – Q6b – Computer Hardware, Software, and Data Life Cycle

This question asks for differences between machine learning and statistical learning.

MI – May 2023 – L1 – SB – Q6a – Computer Hardware, Software, and Data Life Cycle

This question asks for the definition of machine learning.

FA – May 2024 – L1 – SB – Q1b – Virtual Accounting: Digitisation

Explains the impact of machine learning, AI, data analytics, mobile accounting, and specialized accounting software on accounting systems.

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AAA – Nov 2023 – L3 – SC – Q5 – Audit of IT Systems and Data Analytics

Discusses COBIT's purposes, components, and its application in business processes for IT governance and audit functions.

You're reporting an error for "AAA – Nov 2023 – L3 – SC – Q5 – Audit of IT Systems and Data Analytics"

MI – Nov 2023 – L1 – SB – Q6a – Statistical Analysis and Machine Learning Technologies

define machine learning and simulation, list types and applications of machine learning

You're reporting an error for "MI – Nov 2023 – L1 – SB – Q6a – Statistical Analysis and Machine Learning Technologies"

MI – May 2023 – L1 – SB – Q6b – Computer Hardware, Software, and Data Life Cycle

This question asks for differences between machine learning and statistical learning.

You're reporting an error for "MI – May 2023 – L1 – SB – Q6b – Computer Hardware, Software, and Data Life Cycle"

MI – May 2023 – L1 – SB – Q6a – Computer Hardware, Software, and Data Life Cycle

This question asks for the definition of machine learning.

You're reporting an error for "MI – May 2023 – L1 – SB – Q6a – Computer Hardware, Software, and Data Life Cycle"

FA – May 2024 – L1 – SB – Q1b – Virtual Accounting: Digitisation

Explains the impact of machine learning, AI, data analytics, mobile accounting, and specialized accounting software on accounting systems.

You're reporting an error for "FA – May 2024 – L1 – SB – Q1b – Virtual Accounting: Digitisation"

AAA – Nov 2023 – L3 – SC – Q5 – Audit of IT Systems and Data Analytics

Discusses COBIT's purposes, components, and its application in business processes for IT governance and audit functions.

You're reporting an error for "AAA – Nov 2023 – L3 – SC – Q5 – Audit of IT Systems and Data Analytics"

MI – Nov 2023 – L1 – SB – Q6a – Statistical Analysis and Machine Learning Technologies

define machine learning and simulation, list types and applications of machine learning

You're reporting an error for "MI – Nov 2023 – L1 – SB – Q6a – Statistical Analysis and Machine Learning Technologies"

MI – May 2023 – L1 – SB – Q6b – Computer Hardware, Software, and Data Life Cycle

This question asks for differences between machine learning and statistical learning.

You're reporting an error for "MI – May 2023 – L1 – SB – Q6b – Computer Hardware, Software, and Data Life Cycle"

MI – May 2023 – L1 – SB – Q6a – Computer Hardware, Software, and Data Life Cycle

This question asks for the definition of machine learning.

You're reporting an error for "MI – May 2023 – L1 – SB – Q6a – Computer Hardware, Software, and Data Life Cycle"

FA – May 2024 – L1 – SB – Q1b – Virtual Accounting: Digitisation

Explains the impact of machine learning, AI, data analytics, mobile accounting, and specialized accounting software on accounting systems.

You're reporting an error for "FA – May 2024 – L1 – SB – Q1b – Virtual Accounting: Digitisation"

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