An Advantage of Data Analytical Approaches Applied to Auditing Is

question 32

Multiple Choice

An advantage of data analytical approaches applied to auditing is that

• A)Auditing of entire populations of transactions may,in particular situations,become cost justified.
• B)The legal situation in the United States makes it clear that such an approach will lead to less liability for auditors.
• C)Such approaches eliminate the need for auditor professional skepticism.
• D)Such approaches generally result in the analysis of far fewer transactions than do traditional sampling approaches.