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When Management Is Unable to Provide an Explanation for a Previously

question 158

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When management is unable to provide an explanation for a previously unrecognized risk identified through the analytical procedures, the auditor must issue an adverse opinion.


Definitions:

Situations

Refers to set of conditions or circumstances pertinent to a specific context or environment.

Machine Learning

A subset of artificial intelligence that involves the use of algorithms and statistical models to enable computers to perform tasks without explicit instructions, by relying on patterns and inference.

Artificial Intelligence

The simulation of human intelligence processes by machines, especially computer systems, including the ability to learn, reason, and adapt to new situations.

Embodied Agents

Robots that look and act like human beings.

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