Explain the Differences Between an Audit, Fraud Examination, and Forensic

question 20

Essay

Explain the differences between an audit, fraud examination, and forensic accounting engagement.

---

Definitions:

Holding Constant

A method in statistical analysis where specific variables are kept unchanged to isolate the effects of other variables.

Polynomial Model

A type of regression analysis where the relationship between the independent variable and the dependent variable is modeled as an nth degree polynomial.

Predictor Variable

A variable used in-statistical models to predict or estimate the value of an outcome variable.

P Predictor

A variable in a statistical model that is used to predict the outcome of a dependent variable based on its relationship with the predictor.