Which Method Would the Auditor Most Likely Use When the Relevant

question 153

Multiple Choice

Which method would the auditor most likely use when the relevant data is clean or can be cleaned up easily?

• A)Audit data analytics
• B)Audit sampling
• C)Statistical sampling
• D)Substantive testing

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Definitions:

Mexico

A country located in the southern portion of North America, known for its rich culture, history, and diverse landscapes.

United States

A country located in North America, consisting of 50 states and a federal district, known for its large economy and diverse population.

Opportunity Costs

The cost of forgoing the next best alternative when making a decision.

Production Possibility Frontier

A graph that shows all the highest production potentials for two products, based on a specific set of resources and various factors.