38589962
Description
| Question | Answer |
| audit data standards (ADS) | The audit data standards define common tables and fields that are needed by auditors to perform common audit tasks. The AICPA developed these standards. |
| common data model | A tool used to map existing database tables and fields from various systems to a standardized set of tables and fields for use with analytics. |
| continuous auditing | A process that provides real-time assurance over business processes and systems. |
| continuous monitoring | A process that constantly evaluates internal controls and transactions and is the chief responsibility of management. |
| continuous reporting | A process that provides real-time access to the system status and accounting information. |
| data warehouse | A repository of data accumulated from internal and external data sources, including financial data, to help management decision making. |
| flat file | A means of storing data in one place, such as in an Excel spreadsheet, as opposed to storing the data in multiple tables, such as in a relational database. |
| heterogeneous systems approach | Heterogeneous systems represent multiple installations or instances of a system. It would be considered the opposite of a homogeneous system. |
| homogeneous systems approach | Homogeneous systems represent one single installation or instance of a system. It would be considered the opposite of a heterogeneous system. |
| production or live systems | Production (or live) systems are those active systems that collect and report and are directly affected by current transactions. |
| systems translator software | Systems translator software maps the various tables and fields from varied ERP systems into a consistent format. |
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