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1.Data analytics for auditors Select one: A. is about enhancing audit quality. B. offers a practical way for management to manage some important aspects of

1.Data analytics for auditors Select one: A. is about enhancing audit quality. B. offers a practical way for management to manage some important aspects of IT systems in larger entities. C. provides the means to better identify financial reporting, operational business risks and fraud. D. a and c. 2.An auditor is selecting a random sample of cash disbursements. One of the corresponding source documents for a selected random number is a voided cheque. The auditor should: Select one: A. treat the cheque as a deviation. B. select a replacement sample item from the population. C. select the cheque immediately before or after the one that corresponds to the random number. D. None of the given answers. 3.In evaluating the sample results, the planned control risk will be supported when the projected deviation rate is: Select one: A. greater than or equal to the expected population deviation rate. B. less than or equal to the expected population deviation rate. C. greater than or equal to the tolerable deviation rate. D. less than or equal to the tolerable deviation rate. 4.Which of the following is a characteristic of interest when using sampling while undertaking tests of controls? Select one: A. An unusual balance identified by advanced data analytics. B. The minutes of board of directors meetings. C. The dollar amount of sales transactions. D. A deviation from an internal control procedure. 5.Which of the following is a distinguishing feature between statistical sampling and non-statistical sampling? Select one: A. Stratification. B. The use of probability theory to evaluate sample results. C. Allowing every item in the population a chance of selection. D. Definition of the population. 6.Which of the following is an audit sampling approach? Select one: A. The auditor identifies all cash payments from a particular customer and tests 50% of these items. B. The auditor identifies all payments greater than $100 000 from the debtors ledger, and verifies all these items to sales invoices. C. The auditor randomly selects 30 items from the cash receipts journal for vouching back to supporting documents. D. All of the given answers are correct.

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