Question: When considering possible risks of a data analysis, always ask questions about the analysis. Match each type of risk to the question that addresses it

When considering possible risks of a data analysis, always ask questions about the analysis. Match each type of risk to the question that addresses it

.

Each be used once, more than once, or not at all.

Potential data risk

Potential analysis risk

Potential bias risk

Potential visualization risk

Potential user risk

QuestionType of Risk Addressed

1 .

Did the preparer have any potential biases that could have influenced the preparation of the analysis?

2 .

Are the data used in the analysis the most recent available?

3 .

Were all the necessary and appropriate data included in the analysis?

4 .

Were appropriate internal controls in place to ensure the data used was correct?

5 .

Was the correct method used to perform the analysis?

6 .

Is the analysis missing relevant data?

7 .

Did the analysis meet the original objective and answer the question?

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!

When considering possible risks of data analysis, we must ask questions about the analysis. Match each of the presented

MNG3701/101/3/2016 Tutorial Letter 101/3/2016 Strategic Planning MNG3701 Semesters 1 and 2 Department of Business Management IMPORTANT INFORMATION: Please activate your myUnisa and myLife email...

MNG3702/101/3/2016 Tutorial Letter 101/3/2016 Strategy Implementation and Control MNG3702 Semesters 1 and 2 Department of Business Management PLEASE NOTE: This tutorial letter contains important...

Could I get the answers to the multiple choice section of this? Thanks! Chapter 11 Introduction to Internal Control Systems True-False Questions 1. Controls that specifically encourage operating...

If you fact check your internet research and indicate the sources from which the information came, you are ________. Group of answer choices being ethical being unethical stealing other people's...

PRICE 529000 629000 649000 699000 769000 879000 949000 520000 725000 729000 739000 739000 815000 829000 849000 849000 899000 928000 949000 1149000 1199000 650000 750000 769000 819000 845000 849000...

Enterprise Risk Management Examples by Scenario While some scenarios are too unlikely to receive high-priority status, low-probability risks are still worth running through the ERM process. Robust...

Please help to figure out data analysis (like calculation questions) at the bottom of the screenshot based on the statistics that showed in this case, and it is not necessary to write the whole...

Need help with these multiple choice questions for internal audit final exam. Due in 2 hours. QUESTION 1 RsQ_004Without management direction and assumption of responsibility, it would be...

This paper should include 3-5 pages of content with an additional cover and reference page. This is a total of 5-7 pages. Please be aware that a properly formatted page will include approximately 350...

Ross Machine Company in Smithville, Tennessee is considering buying a "CNC Machining Center" for its machining department. The cost of the machine is $50,000. A down payment of $10,000 is required by...

For each Fischer projection: 1. Make a model. 2. Draw the mirror image. 3. Determine whether the mirror image is the same as, or different from, the original structure. 4. Draw any mirror planes of...

Purchase of good from one department to another is an example of Blank _ _ _ _ _ _ event transactions.

Describe how total variable costs and unit variable costs behave with changes in the level of activity. If fixed costs increase, what would be the impact on the contribution margin and income from...