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:

Fraudulent Acts

Fraudulent acts involve intentional deception or misrepresentation made by a person or entity with the intent of gaining some unfair or dishonest advantage.

Over the Counter

Describes securities trading through a dealer network rather than on a centralized exchange, often for stocks that do not meet the requirements to be listed on major exchanges.

1934 Act

Refers to the Securities Exchange Act of 1934, which governs the trading of securities in the U.S., including the establishment of the SEC.

Registration Under

The process of officially recording or enlisting something or someone under certain conditions or regulations, often related to securities laws.