Obtaining an Understanding of the Entity and Its Environment Is

question 32

True/False

Obtaining an understanding of the entity and its environment is part of the analytical procedures phase of the audit.

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Definitions:

Relationship

The way in which two or more concepts, objects, or people are connected, or the state of being connected.

SAS Proficiency

A measure of one's skill and knowledge in using the Statistical Analysis System (SAS) software for data management and analysis.

Chi-square Test

An analytical procedure employed to find out if a considerable link is present between two categorical factors.

Goodness-of-fit Test

Statistical tests that measure how well observed sample data fits a distribution from a population with a specified distribution.