Which Type of Audit Analytics Might Be Used to Identify

question 25

Multiple Choice

Which type of audit analytics might be used to identify common attributes or patterns that may be used to identify similar activity?

• A) Prescriptive analytics
• B) Predictive analytics
• C) Diagnostic analytics
• D) Descriptive analytics

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Definitions:

E-mail

An electronic method of exchanging messages between people using electronic devices.

Fax Machine Sales

The buying and selling of fax machines, a technology used to transmit scanned documents via telephone lines, now mostly obsolete due to digital communication advancements.

Downward Trend

A situation in which market prices, interest rates, or other indices move lower over a period of time.

Product Life Cycle

The progression of a product through various stages including introduction, growth, maturity, and decline, impacting marketing strategies and product management.