High-Five Auditing Firm is currently conducting an audit of Bison Company. Bison is a provider of water and sewage services to a local municipality. After consulting with both senior management and the internal audit function, the external auditors have identified accounts receivable and the subsequent collection as an area of high inherent risk. As a result, the auditors plan to use ADA as a substantive test to assist in auditing this area. What is the most appropriate application of an audit data analytics technique in this context? What assertions are most likely to be tested? Required: Determine whether each phrase that follows correctly fills in the blank above by selecting "Yes" if you believe that the phrase does indeed correctly complete the sentence or "No" if you do not. Consider each phrase independently from the others. As a result, one phrase may be correct, two or more phrases may be correct, or no phrases may be correct. [Select] Utilization of audit data analytics as a technique to confirm prior audit findings in auditing the completeness and cutoff assertions of accounts receivable. [Select] to assist in auditing the valuation and existence assertions of accounts receivable. [Select] [Select] No Yes Utilization of audit data analytics to assist in validating receivables and subsequent cash collections [Select] Employ audit data analytics as a procedure to verify the work done by the internal audit function, in completeness assertions of accounts receivable. Utilize audit data analytics to determine anomalous amounts relative to the existence and valuation assertions that may require future investigation by the external auditor.