Questions from Analytics

Q: According to Exhibit 4-8, which is the best chart

According to Exhibit 4-8, which is the best chart for static composition of a data item of the Accounts Receivable balance at the end of the year? Which is best for showing a change in composition of...

Q: The Big 4 accounting firms (Deloitte, EY, KPMG,

The Big 4 accounting firms (Deloitte, EY, KPMG, and PwC) dominate the audit and tax market in the United States. What chart would you use to show which accounting firm dominates in each state in terms...

Q: Datavizcatalogue.com lists seven types of maps in its listing of

Datavizcatalogue.com lists seven types of maps in its listing of charts. Which one would you use to assess geographic customer concentration by number? How could you show if some customers buy more th...

Q: In your opinion, is the primary reason that analysts use inappropriate

In your opinion, is the primary reason that analysts use inappropriate scales for their charts primarily due to an error related to naiveté (or ineffective training), or are the inappropriate scales u...

Q: Regarding the data request form, why do you think it is

Regarding the data request form, why do you think it is important to the database administrator to know the purpose of the request? What would be the importance of the “To be used in” and “intended au...

Q: What are the advantages of the use of homogeneous systems? Would

What are the advantages of the use of homogeneous systems? Would a merger target be more attractive if it used a similar financial reporting system as the potential parent company?

Q: Consider Exhibit 5-3. Looking at the audit data standards

Consider Exhibit 5-3. Looking at the audit data standards order-to-cash process, what function is there for the AR Adjustments transaction table—that is, adjustments to the Accounts Receivable? Why is...

Q: Who developed the audit data standards? In your opinion, why

Who developed the audit data standards? In your opinion, why is it the right group to develop and maintain them rather than, say, the Big 4 firms or a small practitioner?

Q: Simple to complex Data Analytics can be applied to a client’s data

Simple to complex Data Analytics can be applied to a client’s data during the planning stage of the audit to identify which areas the auditor should focus on. Which types of techniques or tests might...

Q: What approach should a company make if its continuous audit system has

What approach should a company make if its continuous audit system has too many alarms that are false positives? How would that approach change if there are too many missed abnormal events (such as fa...