Required: Select the analytics type (descriptive, diagnostic, predictive and prescriptive) to the analytics types used. Types of Analyses Used Ratio analytics Bank reconciliation Scenario analytics Pivot table analytics to find most profitable product or customer Classifying firms into those expected to have committed fraud vs. no fraud Fuzzy matching of vendors and employees to see if there are similarities in names or addresses Capital budgeting-evaluating cash flows Variance analytics-why price or quantity used is greater than expected Type of Analytics Descriptive Analytics Diagnostic Analytics Predictive Analytics Prescriptive Analytics

Required: Select the analytics type (descriptive, diagnostic, predictive and prescriptive) to the analytics types used. Types of Analyses Used Ratio analytics Bank reconciliation Scenario analytics Pivot table analytics to find most profitable product or customer Classifying firms into those expected to have committed fraud vs. no fraud Fuzzy matching of vendors and employees to see if there are similarities in names or addresses Capital budgeting-evaluating cash flows Variance analytics-why price or quantity used is greater than expected Type of Analytics Descriptive Analytics Diagnostic Analytics Predictive Analytics Prescriptive Analytics

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

Chapter11: Auditing Inventory, Goods And Services, And Accounts Payable: The Acquisition And Payment Cycle

Section: Chapter Questions

Problem 20CYBK

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