Select one of the four data approaches: Descriptive Analytics, Diagnostic Analytics, Predictive Analytics, or Prescriptive Analytics. Provide a specific example of how this approach can be used in the accounting industry. Include why you selected this approach and any tools and techniques associated with it.
Select one of the four data approaches: Descriptive Analytics, Diagnostic Analytics, Predictive Analytics, or Prescriptive Analytics. Provide a specific example of how this approach can be used in the accounting industry. Include why you selected this approach and any tools and techniques associated with it.
Auditing: A Risk Based-Approach (MindTap Course List)
11th Edition
ISBN:9781337619455
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter8: Specialized Audit Tools: Attributes Sampling, Monetary Unit Sampling, And Data Analytics Tools
Section: Chapter Questions
Problem 38CYBK
Related questions
Question
Select one of the four data approaches:
- Descriptive Analytics,
- Diagnostic Analytics,
- Predictive Analytics, or
- Prescriptive Analytics.
Provide a specific example of how this approach can be used in the accounting industry. Include why you selected this approach and any tools and techniques associated with it.
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