One of the steps in the five step AICPA process to follow when planning, performing, and evaluating results from audit data analytics (ADA) is _______.
A)consider the relevance and reliability of the data used
B)prepare a suitable population and representative sample
C)pass the results to management for analysis and evaluation
D)consideration of internal control

Question

Quizplus · Accepted Answer

The step in question is concerned with ensuring that the data used in the audit is relevant and reliable. This is important because using unreliable or irrelevant data can impact the accuracy and effectiveness of the audit process. Options B, C, and D are not directly related to the step in question. Option B pertains to preparing a suitable population and representative sample for analysis, Option C is about passing the results to management for analysis and evaluation, and Option D involves consideration of internal control.

One of the Steps in the Five Step AICPA Process