Question: (LO 7-2, LO 7-3) Name the appropriate diagnostic analytics technique utilized to find each type of anomaly. Choose from regression analysis, drill-down detail, Benfords law,

(LO 7-2, LO 7-3) Name the appropriate diagnostic analytics technique utilized to find each type of anomaly. Choose from regression analysis, drill-down detail, Benford’s law, duplicate check, and controls testing.

Type of Anomaly Three cents of every dollar invested in advertising translates

Type of Anomaly Three cents of every dollar invested in advertising translates into $1 in sales. Determining that some customers are much more profitable than others. Transactions that are both recorded and authorized by the same person. Unexpectedly, we find more transactions with the leading digit 7 in the dataset than those with a leading digit of 4. Check payment is applied twice to the same invoice. Diagnostic Technique

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