Lab 13 Data Analytics in Auditing The purpose of this lab is to help you identify relevant questions that may be answered using data analytics in auditing. Let's evaluate how we might use master and transaction data from an enterprise resource planning system to perform some simple data analytics to assist the nancial statement audit. Company Summary ABC Company is a large retailer that collects its order-to-cash data 'm a large ERP system that was recently updated to comply with the AICPA's audit data standards. ABC Company currently collects all relevant data in the ERP system and digitizes any contracts= orders= or receipts that are completed on paper. The credit department reviews customers who request credit. Sales orders are approved by managers before being sent to the warehouse for preparation and shipment. lCash receipts are collected by a cashier and applied to a customer's outstanding balance by an accounts receivable clerk. You have been assigned to the audit team that will perform the internal controls audit of ABC Company. Technique Familiarity with database structure and primary-foreign key relationships may be helpful. Software needed