Answered: 9. Which one is not an advantage of the…

9. Which one is not an advantage of the sensitivity analysis? A. To make contingency plans B. To adjust estimations as per scenario C. To search directly D. Required information for decision

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

Chapter9: Auditing The Revenue Cycle.

Section: Chapter Questions

Problem 27RQSC

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Question

9. Which one is not an advantage of the sensitivity
analysis?
A. To make contingency plans
B. To adjust estimations as per scenario
C. To search directly
D. Required information for decision

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6. Which of the following is NOT an advantage of using sensitivity analysis? A It identifies the impact a change in an estimate would have on the result B It gives an idea of the worst possible outcome C It shows where further investigation might be useful D It provides useful information for decision making
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What is a scenario analysis? What is it designed to show, and how does it differ froma sensitivity analysis?
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