All of the Following Are True When an Auditor Uses

question 9

Multiple Choice

All of the following are true when an auditor uses audit data analytics, EXCEPT:

• A)Knowledge of the audit client helps refine the auditor's ability to identify potential anomalies
• B)There may be legitimate business reasons for some anomalies
• C)Because of the analytics, it is not necessary for the auditor to investigate flagged items
• D)All of the answer choices are correct.

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Definitions:

Parable of the Good Samaritan

A story told by Jesus in the Bible, which illustrates the importance of showing kindness and compassion to all people, including strangers.

Time Pressure

The stress experienced when the amount of time available to complete a task is perceived to be insufficient.

Gossip

Informal and often unverified conversation or reports about other people, typically involving details that are not confirmed as being true.

Cooperative

Pertaining to the willingness to act together with others for a common purpose or benefit.