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You have been asked by your audit manager to consider how the audit firm might audit revenues by using audit data analytics to evaluate 100%
You have been asked by your audit manager to consider how the audit firm might audit revenues by using audit data analytics to evaluate 100% of the revenue transactions.
1a. Develop a specific audit strategy for how an auditor would screen 100% of the revenues,
1b. How would an auditor identify exceptions?
1c. How would auditors consider what would be acceptable variations from their expectation norm versus unacceptable variations?
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