Which of the following best describes how external auditors' interactions with their clients is likely to change due to the use of data analytics in the audit process?
A)External auditors will spend less time on audits and will not need to spend time with clients outside the audit.
B)External auditors will spend more time on detailed audit tasks,resulting in longer audit engagements.
C)External auditors will only interact with their clients virtually.
D)External auditors will stay engaged with clients beyond the audit.

Question

Quizplus · Accepted Answer

The use of data analytics in the audit process will free up auditors' time from routine tasks, allowing them to focus on higher-level tasks that require more professional judgment and interaction with clients. Therefore, external auditors will stay engaged with clients beyond the audit, providing valuable insights to clients and maintaining a collaborative relationship with them.

Which of the Following Best Describes How External Auditors' Interactions