In the first year of using data analytics, the audit may initially
ACost nothing extra
BSkip risk assessment
CNeed no client data
DTake longer than sampling
Answer & Solution
Correct answer: D. Take longer than sampling
Finding the right data set and wrangling it adds time to the traditional audit in year one.
Keep practising Audit Evidence
Browse all Audit Evidence questions for CA Final, or explore more Auditing topics.
Related questions
The opinion on financial statements depends on theStatements are true and fair when they are free ofBecause audits give only reasonable assurance, auditors often adoptWorking papers may take the form of aAudit working papers are the property of theData an auditor uses across many years is placed in theAudit working papers help show that the audit wasDetection risk may arise from