Audit Data Analytics Can Be Used to Test Accuracy of Invoices

question 89

True/False

Audit data analytics can be used to test accuracy of invoices outstanding at the end of the year by matching these invoices to subsequent cash receipts after year-end.

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Definitions:

Preponderance Of The Evidence

The standard of proof in civil cases, requiring that a claim is more likely to be true than not true.

Convicted

The legal finding that an individual is guilty of a criminal offense by a jury or judge.

Appeal

A legal process by which a higher court is asked to review the decision of a lower court.

Not Guilty

A legal declaration by the court that a person accused of a crime did not commit it or has been exonerated of the charges.