1) × Your answer is incorrect. Which of the following is/are key issue/s when evaluating the reliability of data used in an audit data analytics (ADA) application? (Select all that apply.) The matters the auditor considers in determining the nature, timing, and extent of procedures The process used to match the data with the general ledger ✓ Procedures regarding data reliability The process used to produce the data

1) × Your answer is incorrect. Which of the following is/are key issue/s when evaluating the reliability of data used in an audit data analytics (ADA) application? (Select all that apply.) The matters the auditor considers in determining the nature, timing, and extent of procedures The process used to match the data with the general ledger ✓ Procedures regarding data reliability The process used to produce the data

Auditing: A Risk Based-Approach to Conducting a Quality Audit

10th Edition

ISBN:9781305080577

Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Chapter7: Planning The Audit: Identifying, And Responding To The Risk Of Material Misstatement

Section: Chapter Questions

Problem 18MCQ

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Similar questions

Evaluating data reliability is a critical part of the audit process. Explain the differences among the following in terms of reliability: Data from internal versus external sources.
1) Which of the following statements is the most accurate? a. Data analytics can be exploratory but never confirmatory. b. Data analytics allows auditors to broaden scope of their assurance activities. c. An auditor can always rely more on IT controls than manual controls. d. Application controls can always be relied on when general controls are deemed effective.
Evaluating data reliability is a critical part of the audit process. Explain the differences among the following in terms of reliability: Data obtained from direct versus indirect methods.
Evaluating data reliability is a critical part of the audit process. Explain the differences among the following in terms of reliability: Written data versus verbal conversation records.
Evaluating data reliability is a critical part of the audit process. Explain the differences among the following in terms of reliability: Data from internal versus external sources. Written data versus verbal conversation records. Data obtained from direct versus indirect methods. Data obtained from original documents versus electronic scans.
Evaluating data reliability is a critical part of the audit process. Explain the differences among the following in terms of reliability: Data obtained from original documents versus electronic scans.
Distinguish between errors and irregularities. Which do you think concern auditors the most?
Generally, which of the following audit procedures is the least expensive to perform? A. Analytical procedures B. Tests of details of balance C. Substantive tests of transactions D. Tests of controls E. Risk assessment procedure
Why is it desirable to design tests of details of balances beforeperforming tests of controls and substantive tests of transactions? State the assumptionsthat the auditor must make in doing so. What does the auditor do if the assumptions arewrong?
Which of the following is not a technique of collecting audit evidence? a. Analytical procedures. b. Observation and inspection. c. Collecting primary data d. Inquiries from third parties.
1. What are the evidence garthering techniques Used in Information System Auditing by Internat auditors? 2. What are the evidence garthering techniques Used in Information System Auditing by external auditors? 3. what is the different between Internal and external auditors and what privilleges do internal auditors has than external. 4. By answering these questions use accessible reference and provide their link for me to read after, prefereable references are from ResearchGate, IEE and other accademic repository. 5. Use intext citations.
which of the following is correct about the appropriateness of evidence? A. Audit evidence from external sources is more relevant than evidence generated internallyB. Audit evidence is more persuasive when items of evidence from different sources or of different nature are not consistentC. Audit evidence generated internally is more reliable when the related accounting and internal control systems are effectiveD. Sufficiency refers to the amount of evidence needed