In a certain company, one accountant records most of the adjusting journal entries at the end of the month. What type of analysis could be used to identify that this happens and the cumulative size of the transactions that the one accountant records? Is this a problem or if not, when would it be?

Data Analytics For Accounting

19th Edition

ISBN: 9781260375190

Author: RICHARDSON, Vernon J., Teeter, Ryan, Terrell, Katie

Publisher: Mcgraw-hill Education,

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Chapter 6, Problem 5P

In a certain company, one accountant records most of the adjusting journal entries at the end of the month. What type of analysis could be used to identify that this happens and the cumulative size of the transactions that the one accountant records? Is this a problem or if not, when would it be?

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Chapter 6, Problem 4P

Chapter 6, Problem 6P

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In a certain company, one accountant records most of the adjusting journal entries at the end of the month. What type of analysis could be used to identify that this happens and the cumulative size of the transactions that the one accountant records? Is this a problem or if not, when would it be?

Solution Summary: The author explains how stratification can be used to simplify the analysis made by the auditors.

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