Some important aspects of any audit, including audit data analytics, pertain to the _______.
A)nature, extent, and timing of the audit procedures
B)prior auditor's assistance with audit procedures
C)ultimate issuance of an audit opinion by senior management
D)stock price, and ensuring it is not negatively affected by the audit

Question

Quizplus · Accepted Answer

The nature, extent, and timing of the audit procedures are essential aspects of any audit, including audit data analytics. These determine the scope of the audit and the methods used to evaluate the financial statements and related disclosures. This information is critical to ensure that the audit is effective and provides relevant and reliable information to stakeholders. The other options are not directly related to the audit process or its objectives.

Some Important Aspects of Any Audit, Including Audit Data Analytics