When Performing Audit Data Analytics (ADA) as a Risk Assessment

question 61

Multiple Choice

When performing audit data analytics (ADA) as a risk assessment procedure, _______.

• A)the auditor will have first obtained an understanding of the entity and its environment
• B)the auditor is yet to obtain an understanding of the entity and its environment
• C)the auditor will work closely with client management to confirm which risk assessment procedures they would prefer the auditor conduct
• D)the auditor should contact the prior auditor for assistance with this procedure

---

Definitions:

Individual And Organizational

Refers to the interaction and relationship between single members and the broader structure, culture, and goals of the organization.

Economic

Relating to the economy or system of organization and processes used in the management of a region's, country's, or entity's resources.

Resistance To Change

The reluctance or refusal to adapt to new conditions, policies, or technologies in a workplace or other environment.

Highly Dependent

A state or condition where individuals, systems, or organizations rely significantly on external factors or support for functioning, stability, or survival.