QUESTION 2 Which of the following best describes how external auditors' interactions with their clients is likely to change due to the use of data analytics in the audit process? External auditors will stay engaged with clients of any financial statement preparation. External auditors will spend less time on audits and will not need to spend time with clients outside the audit. More than one choice is correct External auditors will spend more less time on detailed audit tasks, resulting in assisting more compliance with financial statements. External auditors will interact with their clients virtually. QUESTION 3 The external general purpose financial statements/reports are the: 1. Aged accounts payable report. 2. Aged accounts receivable report. 3. Balance sheet. 4. Income statement. 5. Inventory statement. 6. Statement of cash flows. 7. Statement of retained earnings. O 3,4,5,6, and 7 O 1, 2, 3, 4, 5, and 7. 3,4,6, and 7 2,3,4,5,6, and 7