The AICPA Guide to Data Analytics Indicates Audit Data Analysis

question 44

True/False

The AICPA guide to data analytics indicates audit data analysis can be used throughout the audit process, but not including tests of controls.

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Definitions:

Information

Data processed, organized, and structured such that it has context and relevance, and can be used to enhance understanding or make decisions.

Beliefs

Beliefs are convictions or acceptances that something is true or exists, often without the immediate evidence to prove it definitively.

Availability Heuristic

A brainy shortcut that leverages the on-the-spot examples present in someone's memory when they are deliberating over a distinct topic, concept, plan, or decision.

Airline Reservations

The process of booking a seat on an airplane for travel, which can be done via airlines, travel agencies, or online platforms.