The text described seven types of audits common in accounting practice. Which of the following statements about them is most true?
A)Every audit involves some form of information technology.
B)Most audits involve some form of human judgment.
C)Both A and B are true.
D)Neither A nor B is true.

Question

Quizplus · Accepted Answer

Most audits involve some form of human judgment as auditors need to interpret data, assess risks, and make decisions based on their findings. While information technology is increasingly used in audits, not every audit necessarily involves it.

The Text Described Seven Types of Audits Common in Accounting