When Audit Evidence Is in Electronic Format, the Auditor Can

question 66

True/False

When audit evidence is in electronic format, the auditor can use data analytics to test the entire population, rather than testing a sample of the population.

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Definitions:

Evaluate

To determine the value of an expression by computing its numerical value.

Calculate

Perform mathematical operations to find a numerical answer.

Solve

Refers to finding the answer or explanation for a problem or equation.

Evaluate

The process of calculating the value of an expression.