Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Documentation of an Audit Data Analytic (ADA), should be sufficient enough such that: An experienced auditor, with no prior connection to the engagement could understand

Documentation of an Audit Data Analytic (ADA), should be sufficient enough such that: An experienced auditor, with no prior connection to the engagement could understand the conclusions reached and significant judgments made An experienced auditor, who is familiar with the engagement could understand the conclusions reached and significant judgments made O An investor looking into the company could understand the conclusions reached and significant judgments made O Both "An investor looking into the company could understand the conclusions reached and significant judgments made" and "An experienced auditor, with no prior connection to the engagement could understand the conclusions reached and significant judgments made" are correct Which of the following is true of audit data analytics? O All of these choices are correct. It is most appropriate when used on unpredictable relationships It is used gain insights and improve audit quality It is typically performed on a small sample of the population Which of the following best describes exception testing in internal control testing? OA way of testing a sample of all items in a population and projecting the results onto the entire population OA way of testing all items in a population to identify violations of a control activity OA way of testing all items in a population to identify design deficiencies in internal controls A way of testing a sample of all items in a population to identify violations of a control activity

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Introduction To Management Accounting

Authors: Charles T. Horngren, Gary Sundum, Gary L. Sundem

8th Edition

0134870751, 978-0134870755

More Books

Students also viewed these Accounting questions

Question

f. Did they change their names? For what reasons?

Answered: 1 week ago