Question: Assume that you are using AI and machine learning to review 100% of journal entries. Develop an example of the type of anomaly you might

Assume that you are using AI and machine learning to review 100% of journal entries. Develop an example of the type of anomaly you might expect the AI program to identify. In your example, explain the anomaly, how financial statements might be misstated, and the assertion that is misstated.

Step by Step Solution

3.44 Rating (167 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

Many companies make regular adjusting journal entries at the end ... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Auditing A Practical Approach Questions!