AUDITING+ASSURANCE 12MONTH ACCESS CARD
AUDITING+ASSURANCE 12MONTH ACCESS CARD
17th Edition
ISBN: 9780135635131
Author: ARENS
Publisher: WILEY
Question
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Chapter 16, Problem 26DQP

a.

To determine

Explain the term “audit by exception” and how does it differ from a traditional audit approach using statistical sampling. Also, explain the way through which an auditor identify the exceptions.

b.

To determine

Describe how data visualization could be used in the audit of the sales and collection cycle.

c.

To determine

Determine one of the methods identified by the authors as emerging approaches, for example block chain or deep learning, and discuss how an auditor might test one of the accounts receivable balance-related audit objectives using this method.

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