Which of the following is true of the universe of data?
A) Maintaining the proper boundaries of the data universe is an ongoing effort throughout the investigation.
B) After selecting a sample from the universe of data, conclusions are arrived at by using deductive reasoning.
C) In most cases, forensic accountants have access to the entire universe of relevant data.
D) It is often defined toward the end of the investigation.

Question

Quizplus · Accepted Answer

The proper boundaries of the data universe are not always clearly defined and may need to be adjusted throughout the investigation as new data is discovered or additional sources of information are identified.

Answer: B
 Conclusions are typically arrived at through inductive reasoning, which involves using the data to develop a hypothesis and then testing that hypothesis through further analysis.

Answer: C
 Forensic accountants often face challenges in obtaining access to relevant data, particularly in cases where data is fragmented or stored in disparate systems.

Answer: D
 The universe of data should be clearly defined at the beginning of the investigation to ensure that all relevant data sources are considered and included in the analysis.

Which of the Following Is True of the Universe of Data