An advantage of data analytical approaches applied to auditing is that Multiple Choice Auditing of entire populations of transaction may, in particular situations, become cost justified The legal situation in the United States makes it clear that such an approach will lead to less liability for auditors. O Such approaches generally result in the analysis of for fewer transactions than do traditional sampling approaches O Such approaches eliminate the need for auditor protessional skepticism. Working papers of continuing audit interest usually are filed with the administrative working papers True or False True False A dual purpose test simultaneously: Multiple Choice Functions as a substantive test and as a test of controls. Functions as an analytical procedure and a substantive test. Substantiates an ending balance and the transactions making up the balance. Addresses two different accounts