Data analytics and audit automation allow auditors to occasionally monitor and ignore the systems and processes within their companies.

Question

Quizplus · Accepted Answer

Data analytics and audit automation are tools that help auditors analyze large amounts of data efficiently and accurately. However, they do not replace the need for auditors to understand and monitor the systems and processes within their companies on a regular basis. It is important for auditors to remain vigilant and proactive in identifying potential risks and weaknesses in the internal controls of the organization.

Data Analytics and Audit Automation Allow Auditors to Occasionally Monitor