1. Prepare a Benfords analysis of the order dollars. The orders tab has about twenty-two hundred entries....
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Question:
1. Prepare a Benford’s analysis of the order dollars. The orders tab has about twenty-two hundred entries.
2. Upon completion of the summary, prepare a line graph with both Benford’s and your information. You can see a Benford’s line graph on Wikipedia Benford’s Law page.
3. For any significant deviations, determine the dollar amount of any population of interest. Remember, there are other applicable data in the orders tab.
4. Once you have defined any population of interest, what steps would you have the auditors perform?
Related Book For
Managerial Accounting
ISBN: 978-0078025518
2nd edition
Authors: Stacey Whitecotton, Robert Libby, Fred Phillips
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