Question: Analytics QuestionPredictive or Prescriptive?Analysis Technique 1 . Which companies are predicted to go bankrupt and which are not? 2 . Out of the group classified

Analytics QuestionPredictive or Prescriptive?Analysis Technique1. Which companies are predicted to go bankrupt and which are not?2. Out of the group classified to go bankrupt, which ones have the highest likelihood of going bankrupt?3. How can an auditor leverage algorithms to identify and understand areas of risk quickly?4. Does management exhibit bias in the management, discussion, and analysis section of the financial statements?5. If I cannot rely on internal controls, what additional substantive testing do I need to perform?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!