Once the auditor has planned the application of audit data analytics, the auditor should _______.
A)access the data, make a copy of the client's data, and prepare the data for analysis
B)seek the approval of management with respect to the tests
C)determine how much these procedures will increase the cost of the audit and advise management accordingly
D)access the data and prepare the data for the internal auditors to review

Question

Quizplus · Accepted Answer

Once the auditor has planned the application of audit data analytics, the next step is to access the data, make a copy of the client's data, and prepare the data for analysis. This will enable the auditor to carry out the planned tests efficiently and effectively. Seeking management approval and advising management of the cost implications would have been done during the planning phase. Preparing the data for internal auditors to review is not relevant as this is a task for the internal auditors themselves.

Once the Auditor Has Planned the Application of Audit Data