All of the following are true when an auditor uses audit data analytics, EXCEPT:
A)Knowledge of the audit client helps refine the auditor's ability to identify potential anomalies
B)There may be legitimate business reasons for some anomalies
C)Because of the analytics, it is not necessary for the auditor to investigate flagged items
D)All of the answer choices are correct.

Question

Quizplus · Accepted Answer

The use of audit data analytics provides auditors with insights for identifying potential anomalies. However, it is still necessary for the auditor to investigate any flagged items, as legitimate business reasons may exist and further investigation may be necessary to determine the nature and cause of the anomaly.

All of the Following Are True When an Auditor Uses