Explain how analytical and inferential tools can aid in the evaluation of accounting evidence. Provide at least one example from the readings or in current or past events. In your own 100 200 words.
Sunday, 11 August 2019
Both analytical and mathematical (or inferential) tools are very useful evaluating accounting discrepancies and collecting evidence. In many ways they complement each other. Analytical tools are very useful helping to chart and illustrate the process of an investigation. The use of flowcharts helps comprehend the flow of events sequentially. Many hard to grasp, abstract concepts
- Published in Accounting, forensic accounting, Solutions
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What advantages and disadvantages are there in using sampling when performing an investigation?
Sunday, 14 July 2019
Sampling can be a very helpful and effective tool in investigative accounting, while it will still inherit traditional weaknesses from the math side. The major advantages of sampling are associated with data mining processes. Auditors are able to employ attributes sampling to see if internal control procedures are followed. Variable sampling is used to check
- Published in forensic accounting, Solutions