A3 Flashcards
1
Q
What is analytical procedures?
A
evaluations of financial information made by a study of plausible relationships among both financial and non financial
2
Q
What is risk assessment?
A
the process that continues and evolves through the audit
3
Q
Types of data analytics
A
descriptive
prescriptive
predictive
diagnostic
4
Q
Descriptive analytics
A
describe what happened within the data
5
Q
prescriptive
A
prescribe or recommend actions to be taken based on advanced analytics to reach a desired goal
6
Q
predictive analytic
A
expected or predicted outcomes based on historical data
7
Q
diagnostic analytics
A
explain why something happened
8
Q
different type of visualization techniques
A
scatter plot
line chart
bar charts
pie charts
