An advantage of data analytical approaches applied to auditing is that
A)Auditing of entire populations of transactions may,in particular situations,become cost justified.
B)The legal situation in the United States makes it clear that such an approach will lead to less liability for auditors.
C)Such approaches eliminate the need for auditor professional skepticism.
D)Such approaches generally result in the analysis of far fewer transactions than do traditional sampling approaches.

Question

Quizplus · Accepted Answer

Data analytical approaches allow auditors to analyze entire populations of transactions, which can be cost justified in certain situations. This provides a more comprehensive analysis of the data and reduces the risk of errors or fraud going undetected.

An Advantage of Data Analytical Approaches Applied to Auditing Is