In General, an Auditor Is More Likely to Use Audit

question 27

Multiple Choice

In general, an auditor is more likely to use audit data analytics (ADA) when which of the following conditions exist?

• A)Evidence to support the audit test is available in electronic form.
• B)Relevant data is reliable and internal controls over the reliability of data are strong.
• C)Relevant data is clean or can be cleaned up easily.
• D)All of these answer choices are correct.

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Definitions:

Economic Growth

The increase in the inflation-adjusted market value of the goods and services produced by an economy over time.

Export Promotion Policies

Government strategies and measures aimed at increasing the quantity of goods and services sold to foreign countries.

Developed Country

A nation with a relatively high level of economic growth and security, often characterized by a high standard of living, advanced technological infrastructure, and a diverse economy.

Developing Countries

Nations with a lower level of socio-economic development, characterized by lower income, human capital, and industrialization compared to developed countries.