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QUESTION 6 Aruss Auditors (AA) is a medium-sized accounting rm and has four small, listed audit clients and numerous large private company clients. AA currently uses Excel in its audit testing work but does not othenNise use data analytics in its audits. AA has approximately 120 staff, of which one third are full time audit staff. Daniel Graham, one of AA's audit partners, wants to keep AA staff up-to-date with the latest trends in technology. To encourage the rm to accept the idea of increased use of data analytics in audits, he asks you to create a short presentation that outlines the benets of using data analytics in audits. Which one of the following statements is correct if AA uses data analytics for its audit clients? A Using data analytics in an audit enables 100% of certain transactions to be audited. Therefore, it is not necessary for AAto obtain an understanding 0 ' of internal controls. B Using data analytics in an audit enables 100% of certain transactions to be audited. This means AA can provide an overall level of assurance that is O ' higher than reasonable. C Using data analytics in an audit enables 100% of certain transactions to be audited. This will increase efciency in the audit as fewer specialists and O ' experts will be required to be engaged byAA during the audit. Using data analytics in an audit enables 100% of certain transactions to be audited. This allows for greater efciency and availability of more ' persuasive evidence as the entire population is used for analysis. OD