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
icon
Related questions
Question

Select one of the four data approaches:

  1. Descriptive Analytics,
  2. Diagnostic Analytics,
  3. Predictive Analytics, or
  4. 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. 

AI-Generated Solution
AI-generated content may present inaccurate or offensive content that does not represent bartleby’s views.
steps

Unlock instant AI solutions

Tap the button
to generate a solution

Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Auditing: A Risk Based-Approach (MindTap Course L…
Auditing: A Risk Based-Approach (MindTap Course L…
Accounting
ISBN:
9781337619455
Author:
Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:
Cengage Learning