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Name Three Data Visualization Techniques Which Can Be Used by the Auditor

question 33

Essay

Name three data visualization techniques which can be used by the auditor for evaluating disaggregated data which may be helpful in identifying unexpected amounts, relationships, or trends in accounts receivable.


Definitions:

Distribution

The way in which something is shared or spread out over an area or among a population.

COV

The coefficient of variation, a measure of relative variability that describes the ratio of the standard deviation to the mean.

Independent Variables

Variables in an experiment that are manipulated or chosen by the researcher to investigate their effects on the dependent variable.

Coefficient Of Correlation

A statistical measure that calculates the strength and direction of a linear relationship between two quantitative variables.

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