Discuss the disadvantages of using simple spreadsheet programs in the data analysis process.
Answer to relevant QuestionsIdentify two common specialized software packages that are useful for auditing and fraud investigations, and discuss the merits of each.1. With data mining, observations are selected randomly. a. True b. False 2. Computer applications allow an analyst to screen all observations in a data set rather than rely on statistical sampling. a. True b. False 3. A ...Obtain an article written by Durtschi, Hillison, and Pacini entitled “ The Effective Use of Benford’s Law to Assist in Detecting Fraud in Accounting Data,” published in the Journal of Forensic Accounting in 2004 ( ...Define skewness and discuss its purpose in data analysis.Is size a consideration for analytic tests that apply Benford’s Law? Explain.
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