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.

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Definitions:

Long-Term Incentives

Compensation rewards designed to motivate and retain employees over an extended period, often in the form of stock options, equity, or performance plans.

Deferred Profit-Sharing Plans

A type of retirement plan in which employees receive a share of the company's profits at a later date, usually upon retirement.

Merit Raises

Salary increases awarded to employees based on their job performance, often evaluated through performance appraisals.

Merit Bonuses

Financial rewards given to employees based on their performance and achievements, typically as a way to incentivize high-quality work.