The auditor is most likely to use _______ when the data available is relevant to an audit assertion of interest.
A)Audit data analytics
B)Audit sampling
C)Statistical sampling
D)Substantive testing

Question

Quizplus · Accepted Answer

Audit data analytics (ADA) is a method used by the auditor to analyze a large amount of data that is relevant and useful to the audit. It helps the auditor to identify any potential errors, misstatements, or abnormal transactions that require further investigation. Therefore, ADA is the most appropriate choice when the data available is relevant to an audit assertion of interest. The other choices, such as audit sampling, statistical sampling, and substantive testing, are more focused on the selection of a sample from a population to provide evidence about the entire population, rather than analyzing a large amount of data.

The Auditor Is Most Likely to Use _______ When the Data