The Choice of Using Audit Sampling Versus Audit Data Analytics

question 96

Multiple Choice

The choice of using audit sampling versus audit data analytics (ADA) is often a matter of _______.

• A)determining which method management would prefer the auditor use
• B)what is most effective and efficient in determining whether a control is presented fairly, in all material respects
• C)what is most effective and efficient in determining whether an assertion is presented fairly, in all material respects
• D)which method will be more cost efficient for the client

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Definitions:

High-context Culture

A culture in which communication is largely implicit, relying heavily on context, non-verbal cues, and social norms to convey meaning.

United States

The United States is a country consisting of 50 states, a federal district, five major self-governing territories, and various possessions, known for its significant influence in global political, economic, and cultural affairs.

Japan

An island country in East Asia, known for its rich culture, technological advancements, and historical significance.

Tolerance

The capacity to accept or endure differences, challenges, or hardship without adverse reactions.