What type of analytics addresses the question of whether an audit firm should accept or reject an

Question:

What type of analytics addresses the question of whether an audit firm should accept or reject an audit client?

a. Descriptive analytics

b. Diagnostic analytics

c. Predictive analytics

d. Prescriptive analytics

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Introduction To Business Analytics

ISBN: 9781265454340

1st Edition

Authors: Vernon Richardson, Marcia Watson

See More Books

Question Posted: May 24, 2023 01:22 AM

See More Questions

Ritz & Co., CPAs is a professional services firm located in Makati City that offers broad range of services to its clients including audit and assurance, tax services, and advisory and...
A group of research from UNIMAS aim to conduct a research about the mental health of Malaysia students during COVID-19 pandemic. It is built form a phenomenon that several students become easily to...
Superior Stay Resorts provides luxurious hotel accommodations to its high-end customer base. Superior measures business volume by the total number of occupied guest room nights during the year. For...
The two optional steps in the accounting cycle are preparing O a worksheet and post-closing trial balances. an adjusted trial balance and a post-closing trial balance. O a post-closing trial balance...
Define each of the following four measures of liquidity risk. Explain how each measure would be implemented and utilized by a DI. a. Sources and uses of liquidity. b. Peer group ratio comparisons. c....
Mazies Clothing Inc. is analyzing two machines to determine which one they should purchase. The company requires a 14% rate of return, each machine belongs in a 30% CCA class, and the firms tax rate...
2.40
This data table gives annual costs of 223 commercial leases. All of these leases provide office space in a Midwestern city in the United States. For the response, use the cost of the lease (in...
The balance sheet and income statement for Joe's Fish Hut are presented below: Joe's Fish Hut Balance Sheet As at August 31 2020 2019 ASSETS Current Assets Cash $180,881 $64,900 Accounts receivable...
Why is understanding what happened (descriptive analytics) important to understanding why something happened (diagnostic analytics)?
Which predictive analytics technique would a data analyst use to place a companys customers into different segments or categories? a. Classification b. Regression c. Time series analysis d. What-if...
Why is a firms demand for labor curve more inelastic when the firm has monopoly power in the output market than when the firm is producing competitively?
What is an incident in which a famous person wore or used a product (not as part of a paid endorsement or ad) and it caused a buying frenzy. Explain how the manufacturer or service provider reacted
What is a "heavyweight project team" and how does it differ from the traditional approach used for organizing development projects at Eli Lilly?This consists of two issues:First, an evaluation of the...
Consider the closed-loop system shown in Figure P11.6, where the transfer function of the process is that of a second-order system, i.e. k Ts +25TS +1 G,(s)= Y sp(s) E(s) U(s) Y(s) Ge(s) Gp(s) Figure...
1. Do you feel we have come along way with inventory in 10 years? 2. How did COVID affect the supply chain in your current hospital? Were any of the inventory systems/topics used, or relevant or...
Identify at least one way in which your writing skills have improved this semester and reflect on how you might use this skill in your career. You can include research, presentation, and report...
Describe three examples of the use of robotics. How can a microrobot be used?
Revol Industries manufactures plastic bottles for the food industry. On average, Revol pays $76 per ton for its plastics. Revol's waste-disposal company has increased its waste-disposal charge to $57...
A company is trying to determine how to allocate its $145,000 advertising budget for a new product. The company is considering newspaper ads and television commercials as its primary means for...
The Shop at Home Network sells various household goods during live television broadcasts. The company owns several warehouses to hold many of the goods it sells, but also leases extra warehouse space...
A bank has $650,000 in assets to allocate among investments in bonds, home mortgages, car loans, and personal loans. Bonds are expected to produce a return of 10%, mortgages 8.5%, car loans 9.5%, and...
Deacon Company is a merchandising company that is preparing a budget for the three - month period ended June 3 0 th . The following information is available Deacon Company Balance Sheet March 3 1...
Mango Company applies overhead based on direct labor costs. For the current year, Mango Company estimated total overhead costs to be $460,000, and direct labor costs to be $230,000. Actual overhead...
Which of the following do we expect to be the horizon growth rate for a company (long term growth rate- say 30-50 years)? A) Inflation B) Industry Average C) Zero D) Market Beta

What type of analytics addresses the question of whether an audit firm should accept or reject an

Question:

Step by Step Answer:

a Des...View the full answer

Introduction To Business Analytics

Students also viewed these Business questions