Which of the following helps discover and analyze patterns, identify anomalies, and extract other useful information in data underlying the subject matter of an audit?
A)Tests of Control
B)ADA
C)XBRL
D)GAAP

Question

Quizplus · Accepted Answer

ADA (Automated Data Analysis) is a tool that helps in discovering patterns, identifying anomalies, and extracting useful information from data underlying the subject matter of an audit. Tests of Control assess the effectiveness of internal controls, XBRL is a language used for financial reporting, and GAAP (Generally Accepted Accounting Principles) are accounting standards used in the United States.

Which of the Following Helps Discover and Analyze Patterns, Identify