Q: Implementing continuous auditing procedures is similar to automating an audit plan with
Implementing continuous auditing procedures is similar to automating an audit plan with the additional step of scheduling the automated procedures to match the timing and frequency of the data being e...
See AnswerQ: One type of descriptive analytics is age analysis. Why are auditors
One type of descriptive analytics is age analysis. Why are auditors particularly interested in the aging of accounts receivable and accounts payable? How does this analysis help evaluate management ju...
See AnswerQ: One of the benefits of Data Analytics is the ability to see
One of the benefits of Data Analytics is the ability to see and test the full population. In that case, why is sampling (even monetary sampling) still used, and how is it useful?
See AnswerQ: What does a Z-score greater than three (or minus
What does a Z-score greater than three (or minus three) suggest? How is that useful in finding extreme values? What type of analysis should we do when we find extreme or outlier values?
See AnswerQ: What are some patterns that could be found using diagnostic analysis?
What are some patterns that could be found using diagnostic analysis? Between which types of variables?
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