Question
Which of the following is true about an auditor's use of audit data analytics (ADA)? A. Audit data analytics are used by auditors so that
Which of the following is true about an auditor's use of audit data analytics (ADA)?
A. Audit data analytics are used by auditors so that they can provide complete (100 percent) assurance that the financial statements are free of material errors or misstatements.
B. Auditors use ADA as a tool for data sampling.
C. ADA eliminate the need for auditors to apply professional skepticism.
D. Auditors can use ADA throughout the entire audit process, from planning, risk assessment, risk response (control tests and substantive procedures) to drawing overall conclusions
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started