Which is a new engagement for the firm


Question: You are a second-year staff member at a public accounting firm who is assigned to the Kindred Hospitals engagement, which is a new engagement for the firm. You have been asked to perform descriptive, diagnostic, and predictive analytics for your engagement team. The audit senior provided you with an Excel file that includes gross patient revenue by hospital location from 2013 to 2019. The senior asked you to perform exploratory data analytics and outline an audit plan, which you recognize is similar to outlining objectives, questions, and sub-questions for data analysis. Before you can fully explore the data, you must understand it, so you begin with descriptive statistics.

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Accounting Basics: Which is a new engagement for the firm
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