1) Which of the following statements is the most accurate? a. Data analytics can be exploratory but never confirmatory. b. Data analytics allows auditors to broaden scope of their assurance activities. c. An auditor can always rely more on IT controls than manual controls. d. Application controls can always be relied on when general controls are deemed effectiv
1) Which of the following statements is the most accurate? a. Data analytics can be exploratory but never confirmatory. b. Data analytics allows auditors to broaden scope of their assurance activities. c. An auditor can always rely more on IT controls than manual controls. d. Application controls can always be relied on when general controls are deemed effectiv
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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1)
Which of the following statements is the most accurate?
a.
Data analytics can be exploratory but never confirmatory.
b.
Data analytics allows auditors to broaden scope of their assurance activities.
c.
An auditor can always rely more on IT controls than manual controls.
d.
Application controls can always be relied on when general controls are deemed effective.
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