The Use of Data Analytics in Auditing Requires Large,error-Free Populations

question 19

True/False

The use of data analytics in auditing requires large,error-free populations.

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Definitions:

Intestacy Laws

State statutes that specify how property will be distributed when a person dies intestate (without a valid will).

Surviving Spouse

The spouse who remains alive after the other spouse passes away, often referenced in the context of inheritance laws or benefits.

Decedent's Estate

Assets and liabilities left by an individual who has passed away.

Probate

The process of proving and validating a will, and settling all matters pertaining to an estate.