In which of the following situations is the auditor most likely to use audit data analytics?
A) The available data is reliable and comes from a strong system of internal controls.
B) Internal controls are weak.
C) Certain audit procedures are required by professional standards.
D) The auditor needs to have data that is relevant to the audit test.
Correct Answer:
Verified
Q30: The auditor may use a classical variables
Q31: When an audit procedure is tested on
Q32: The decision to audit an entire population
Q33: The auditor is most likely to use
Q34: The use of audit sampling _.
A)is prohibited
Q36: A representative audit sample _.
A)is likely to
Q37: Audit sampling is defined as _.
A)allowing engagement
Q38: The choice of using audit sampling versus
Q39: AS 2315 and AU-C 530 on Audit
Q40: The auditor's conclusion based on the sample
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents