One advantage of using statistical techniques when performing analytical procedures is that they eliminate the need for auditor judgment.

Question

Quizplus · Accepted Answer

Statistical techniques do not eliminate the need for auditor judgment. While they can provide valuable insights and help identify areas of potential risk or concern, ultimately it is up to the auditor to interpret the results and use their professional judgment to determine the significance and implications of the data. Additionally, statistical techniques may not be appropriate or applicable in all situations, so auditors must still use their judgment to determine when and how to employ them.

One Advantage of Using Statistical Techniques When Performing Analytical Procedures