Which of the following approaches to an audit is most likely to result in a detailed analysis of one or more characteristics of an entire population?
A)A horizontal analysis approach.
B)A test design approach.
C)A data analytical approach.
D)A ratio analysis approach.

Question

Quizplus · Accepted Answer

A data analytical approach involves examining a large amount of data from an entire population and using analytical techniques to identify patterns or anomalies. This is likely to result in a detailed analysis of one or more characteristics of the population. Horizontal analysis focuses on comparing financial information over time, test design approaches involve selecting a sample to test a particular assertion, and ratio analysis focuses on calculating and analyzing financial ratios. None of these approaches necessarily involve a detailed analysis of an entire population.

Which of the Following Approaches to an Audit Is Most