Question: Briefly explain the parallel simulation technique. What is the purpose of using parallel simulation? Outline some of the advantages and disadvantages of using this technique

Briefly explain the parallel simulation technique. What is the purpose of using parallel simulation? Outline some of the advantages and disadvantages of using this technique for audit purposes.

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Parallel simulation is a technique used in auditing to simulate and analyze financial transactions and processes It involves running multiple simulations simultaneously on separate computing resources ... View full answer

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