Data Analytics For Accounting
19th Edition
ISBN: 9781260375190
Author: RICHARDSON, Vernon J., Teeter, Ryan, Terrell, Katie
Publisher: Mcgraw-hill Education,
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Textbook Question
Chapter 3, Problem 3P
An auditor is trying to figure out if the
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Chapter 3 Solutions
Data Analytics For Accounting
Ch. 3 - Prob. 1MCQCh. 3 - Prob. 2MCQCh. 3 - Prob. 3MCQCh. 3 - Prob. 4MCQCh. 3 - In general, the more complex the model, the...Ch. 3 - In general, the simpler the model, the greater the...Ch. 3 - _____ is a discriminating classifier that is...Ch. 3 - Prob. 8MCQCh. 3 - Models associated with regression and...Ch. 3 - Prob. 10MCQ
Ch. 3 - What is the difference between a target and a...Ch. 3 - What is the difference between a supervised and an...Ch. 3 - Prob. 3DQCh. 3 - Prob. 4DQCh. 3 - Prob. 5DQCh. 3 - Prob. 6DQCh. 3 - How might classification be used in approving or...Ch. 3 - Prob. 8DQCh. 3 - How does fuzzy match work? Give an accounting...Ch. 3 - Compare and contrast the profiling data approach...Ch. 3 - Exhibits 3-1, 3-2, 3-3, and 3-4 suggest that...Ch. 3 - Prob. 1PCh. 3 - Prob. 2PCh. 3 - An auditor is trying to figure out if the goodwill...Ch. 3 - How might clustering be used to explain customers...Ch. 3 - Why would the use of data reduction be useful to...Ch. 3 - How could an investor use XBRL to do an analysis...Ch. 3 - Prob. 7P
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- Where would an auditor find the proper authorization that indicates it is okay to pay a vendor?arrow_forwardThe internal audit can pinpoint the person responsible for carelessness. This will help to: Determine Liability Asset Protection Performance Appraisal Provide Suggestions Which one of the following is not true about internal auditors? üzul lis TOSHIBAarrow_forwardSelect one method an auditor can use to audit through the computer system. Explain how the method works, any risks associated with the method, and how you would justify using the method from a cost-benefit perspective.arrow_forward
- Under what circumstances would an auditor choose to confirminformation such as the right of return or special sales terms in addition to the customerbalance?arrow_forwardWhich of the following procedures is usually performed by the auditor to determine if obsolete inventory exists? a. Footing the inventory subsidiary ledger b. Analysis of inventory turnover and sales reports c. Sample the inventory reported by the client, examine the purchase date and receiving reports d. Confirmation of inventory with client’s customers Which statement is true? a. The incomplete recording of asset disposals understates the asset balance b. Management may be incentivized to over-recognize impairments on machinery when the company is doing really well to lower the subsequent depreciation expenses c. Management never over-accrue impairments on machinery because it reduces the balance of assets d. Management may be incentivized to over-recognize impairments on machinery when the company is doing really well because auditors will be more skeptic over the performance that is “too good to be true”arrow_forwardThe purpose of an audit trail is to be able to trace a transaction from its original through source documents to the final output or backwards from the final output to the original source documents to prove the accuracy and validity of Ledger postings. Describe in detail the audit trail for the following manufacturing business: b) Customer returns defective goodsarrow_forward
- When an auditor reviews additions to the equipment (fixed asset) account to make sure that fixed assets are not overstated, she wants to obtain evidence as to management’s assertion regardinga. Completeness.b. Existence.c. Valuation and allocation.d. Rights and obligations.e. Occurrencearrow_forwardWhat is a post-audit, why do firms use them, and what problems can arise when they are used?arrow_forwardWhich of the following is Appraisal cost? A. Recalls and warranty repairs B. Line Inspection and procedure verification C. Training to employeesarrow_forward
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