When the auditor is performing audit data analytics (ADA) as a substantive test of details of a population of transactions or balances, _______.
A) the auditor will have evaluated inherent risk and will likely have performed tests of controls to assess control risk
B) the auditor is yet to evaluate inherent risk but has likely performed tests of controls to assess control risk
C) the auditor will have evaluated inherent risk, but not yet performed tests of controls to assess control risk
D) the auditor has not yet assessed either control or inherent risk
Correct Answer:
Verified
Q53: As part of an audit data analytics
Q54: Regression analysis is best defined as _.
A)a
Q55: The auditor first obtains an understanding of
Q56: Regression analysis _.
A)comes in many forms, including
Q57: Cluster analysis is defined as _.
A)the process
Q59: The item of interest in a regression
Q60: Clustering can also be performed _.
A)by graphing
Q61: Which of the following is a risk
Q62: When the auditor is performing audit data
Q63: One of the benefits of a regression
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