Some Key Questions That the AICPA Guide for Audit Data

question 109

Multiple Choice

Some key questions that the AICPA Guide for Audit Data Analytics suggests that the auditor should address when evaluating the reliability of data used in an audit data analytics (ADA) application are:

• A)What is the nature of the data?
• B)What is the source of the data?
• C)What is the process used to produce the data?
• D)All these answer choices are correct.

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Definitions:

Social Movements

Social movements are organized collective efforts by groups of people to bring about or resist social, political, or economic changes within a society.

Increasingly Violent

Describes a situation or trend where the frequency or intensity of violence is growing over time.

Increasingly Local

A trend or movement towards prioritizing local community issues, culture, and economies, often as a response to globalisation.

Membership Decreased

A situation where the number of members or participants in an organization, club, or group has declined.