How do data analytics let auditors go beyond traditional sampling?
ASkip evidence work
BAnalyse entire datasets
CAvoid all judgment
DIgnore anomalies
Answer & Solution
Correct answer: B. Analyse entire datasets
Analytics tools can process whole datasets instead of statistical samples, improving anomaly detection.
Keep practising Special features of audit of different types of entities
Browse all Special features of audit of different types of entities questions for CA Inter, or explore more Auditing topics.
Related questions
Optimal auditing theory starts from which premise about auditing?Why has auditing become a legal requirement for many entities?Audits give stakeholders assurance that the subject is free from what?In 1951 Moyer saw which task as the auditor's most important duty?What did medieval British auditors do with the accounts?An assessment differs from an audit because its purpose is to do what?An information technology audit examines which controls?What is the aim of a forensic audit?