An Issue Addressed in the AICPA Guide to Audit Data

question 62

Multiple Choice

An issue addressed in the AICPA Guide to Audit Data Analytics is _______.

• A)what to do when initial investigation identifies a large number of notable items
• B)what to do when initial investigation identifies a small number of notable items
• C)how to reconcile data analytics and revenue recognition
• D)how to ensure adherence to matching of revenues and expenses using audit data analytics

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Definitions:

Whole-language Approaches

Educational methods that focus on understanding and using language in its entirety rather than breaking it down into its components like phonics.

Phonetic-fluency Approaches

Phonetic-fluency approaches focus on the ease and speed with which phonetic elements of speech are processed and how this influences language learning and comprehension.

Eyewitness Memory

The recollection by individuals of events they have witnessed, important in the context of legal investigations, but subject to distortions and inaccuracies.

Confidence and Accuracy

The relationship between an individual's self-assurance in their abilities and the correctness of their outcomes.