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

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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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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