Regression analysis _______.
A)comes in many forms, including simple linear regression analysis
B)is rarely used in auditing, as it is too complex
C)is best performed by the internal audit function
D)should only be conducted with a data-set vetted and approved by management

Question

Quizplus · Accepted Answer

Regression analysis comes in many forms, including simple linear regression analysis, and can be useful in auditing for analyzing relationships between variables and identifying potential anomalies or issues. However, it should only be conducted with a carefully vetted and approved data-set. The internal audit function may or may not be best suited to perform regression analysis depending on the specific skills and expertise of the audit team.

Regression Analysis _______