It Is Important That the Auditor Use Various Data Analytics

question 122

True/False

It is important that the auditor use various data analytics techniques in testing the entire population of fixed assets and related depreciation.

Identify and describe different types of networks (e.g., LAN, WAN, P2P).

Recognize and understand the roles of various network devices (e.g., routers, switches, repeaters).

Understand the function and characteristics of different networking cables and transmission media.

Know the basic concepts of data packets and how they facilitate data transmission in networks.

---

Definitions:

Confidence Interval

A breadth of values, taken from statistical examination of a sample, that aims to envelop the value of an unrevealed population trait.

Standard Deviation

Standard deviation is a measure of the amount of variation or dispersion in a set of values, indicating how much the individual data points diverge from the mean value.

Sample Mean

The average value calculated from a subset of a population.

Confidence Level

The probability that the values of a parameter lie within a specified range of values, indicating the reliability of an estimate.