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Formally respond to the following questions: Data analytics enables auditors to audit all transactions, rather than just a sample of transactions. Do you think that

Formally respond to the following questions:

Data analytics enables auditors to audit all transactions, rather than just a sample of transactions.

  • Do you think that as the use of data analytics increases on audit engagements, the need for sampling will decrease?

  • What role might the PCAOB or AICPA play in helping auditors determine when and how to incorporate data analytics into the audit?

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