Pearson eText International Business: The Challenges of Globalization -- Instant Access (Pearson+)
9th Edition
ISBN: 9780136879879
Author: John Wild, Kenneth Wild
Publisher: PEARSON+
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Question
Chapter 9, Problem 7EC
Summary Introduction
To Determine:
If the warning of Adam Smith against the dangers of colluding producers applies to the financial service sector.
Introduction:
Adam Smith warned the financial service sector that “People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public,"
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Under what circumstances do you believe using Data Analytics would significantly improve the auditing process and tax planning? Include examples.
Data Analytics along with data visualization allow auditors to capture large datasets and easily and quickly illustrate patterns. Per Wilson and Dennis (2021), "Audit data analytics can analyze large datasets from clients to discern trend and anomalies and streamline audit processes to provide greater accuracy and overall audit quality". This can greatly improve an auditors understanding of a company's operations and risks. Auditors utilize Data Analytics to reduce their workload. Tools utilized for audit data analytics can be as simple as Excel for simple calculations on a spreadsheet to advance machine learning and AI models. Data Analytics can be applied throughout the audit process, from Audit Planning to Journal Entry Testing to Risk Assessment. If one were to compare risk assessment with a traditional…
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Chapter 9 Solutions
Pearson eText International Business: The Challenges of Globalization -- Instant Access (Pearson+)
Ch. 9.1 - Prob. 1QS1Ch. 9.1 - Prob. 2QS1Ch. 9.1 - Prob. 3QS1Ch. 9.2 - Prob. 1QS2Ch. 9.2 - Prob. 2QS2Ch. 9.2 - Prob. 3QS2Ch. 9.3 - Prob. 1QS3Ch. 9.3 - Prob. 2QS3Ch. 9.3 - Prob. 3QS3Ch. 9.4 - Prob. 1QS4
Ch. 9.4 - Prob. 2QS4Ch. 9.4 - Prob. 3QS4Ch. 9.4 - Prob. 4QS4Ch. 9.5 - Prob. 1QS5Ch. 9.5 - Prob. 2QS5Ch. 9.5 - Prob. 3QS5Ch. 9.5 - Prob. 4QS5Ch. 9 - Prob. 1TAI1Ch. 9 - Prob. 2TAI1Ch. 9 - Prob. 3TAI2Ch. 9 - Prob. 4TAI2Ch. 9 - Prob. 5ECCh. 9 - Prob. 6ECCh. 9 - Prob. 7ECCh. 9 - Prob. 8MESPCh. 9 - Prob. 9MESPCh. 9 - Prob. 10MESPCh. 9 - Prob. 11MESPCh. 9 - Prob. 12MESPCh. 9 - Prob. 13MESPCh. 9 - Prob. 16MESPCh. 9 - Prob. 17MESPCh. 9 - Prob. 18MESP
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