The choice of using audit sampling vs.audit data analytics (ADA) _______.
A)is typically left up to senior management
B)is often a matter of what is most effective and efficient in determining whether an assertion is presented fairly, in all material respects
C)is often a matter of what is most effective and efficient in determining whether a control is presented fairly, in all material respects
D)should be determined by the client's legal counsel

Question

Quizplus · Accepted Answer

The choice between using audit sampling and ADA should be based on what is most effective and efficient in determining whether an assertion is presented fairly, in all material respects. The decision should be made by the audit team based on the specific circumstances of the audit engagement. Factors that may influence the decision include the size and complexity of the dataset, the level of risk associated with the assertion, and the availability of technology and resources to perform ADA. The decision should be documented in the audit plan and discussed with senior management.

The Choice of Using Audit Sampling Vs