Audit data analytics (ADA) _______.
A) is effective not only for identifying general types of misstatements, but is also capable of identifying specific transactions or accounts that are likely to be misstated
B) is effective only for identifying general types of misstatements
C) is only capable of identifying specific transactions or accounts that are likely to be misstated
D) is effective neither at identifying general types of misstatements or capable of identifying specific transactions or accounts that are likely to be misstated
Correct Answer:
Verified
Q27: It is common for data problems to
Q28: Once the auditor has determined that the
Q29: When performing audit data analytics (ADA) as
Q30: The auditor should always evaluate evidence _.
A)with
Q31: Popular ways that an auditor might search
Q33: Some key questions that the AICPA Guide
Q34: If an existing customer number is taken
Q35: When the auditor uses audit data analytics,
Q36: When a new company is acquired, _.
A)there
Q37: The term notable item refers to something
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