Help me General Accounting: How does causal analysis enhancevariance investigation? [5 PTS]a) Standard variances need no investigationb) Surface differences explain everythingc) Root cause identification guides corrective actionsd) Analysis wastes resources

Explanation of Causal Analysis: Causal analysis is a systematic process of identifying the…

Answered: General Accounting: How does causal…

Auditing: A Risk Based-Approach to Conducting a Quality Audit

10th Edition

ISBN:9781305080577

Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Chapter17: Other Services Provided By Audit Firms

Section: Chapter Questions

Problem 26MCQ

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Similar questions

Which of the following is NOT a characteristic of effective information? a. relevance b. accuracy c. summarization d. precision
Which of the following is not one of the main issues regarding data collection which can significantly affect precision and reliability when using regression or any other cost estimation method? Multiple Choice Time period choice. Nonlinearity. Relevant range. Data accuracy.
The risk associated with inefficient use of inputs or over-provision of services is ⚫ A. An actuarial risk • B. A utilization risk⚫ C. A cost risk. D. A financial risk
Forecasting that uses subjective analysis of subjective inputs is called O Judgmental forecast C Associative Models O Time Series O Hypothesis Testing O Descriptive Statistics
What is the underlying cause of ranking conflicts between NPV and IRR?
Which of the following statements is false regarding planning analytical procedures in the revenue cycle? a. As revenue is typically regarded as a high-risk account, planning analytical procedures related to revenue are not required. b. The first step in planning analytical procedures includes developing an expectation of recorded amounts or ratios, and evaluating whether that expectation is precise enough to accomplish the relevant objective. c. Trend analysis would not be appropriate as a plan-fling analytical procedure in the revenue cycle. d. All of the above statements are false.
Why does measurement attribute selection affect reporting quality? a) Standards fit everything b) Single measures work universally c) Selection wastes time d) Different value bases serve varying information needs ?
4 PTS
Ans
Why does measurement attribute selection affect reporting quality? a) Standards fit everything b) Single measures work universally c) Selection wastes time d) Different value bases serve varying information needs I need answer
ANSWER
The "what-if" technique of altering certain key variables to assess the impact on the original outcome is called a break-even analysis least squares analysis regression analysis sensitivity analysis

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General Accounting: How does causal analysis enhance variance investigation? [5 PTS] a) Standard variances need no investigation b) Surface differences explain everything c) Root cause identification guides corrective actions d) Analysis wastes resources