Question: 1. Advantages of using Internal Audit Data Analytics includes all but which of the following? a. Continuous auditing b. Utilization of Cloud Computing c. Increased

1. Advantages of using Internal Audit Data Analytics includes all but which of the following?

a. Continuous auditing

b. Utilization of Cloud Computing

c. Increased efficiency

d. Ability to test 100% of the population

2. The possibility that a sample drawn will provide the results that are not representative of the population is called

a. Nonsampling error

b. Nonstatistical error

c. Sampling error

d. Extrapolation error

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock 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 Accounting Questions!

Q:

Hi, please see attachment. Feel free to ask any questions. Thank you! 1. Advantages of using Internal Audit Data Analytics includes all but which of the following? A. B. C. D. Continuous auditing...

Q:

Can I please get help with the attach file? See attach. Thank you! Summer 2016 ACCT 436 6380 EXAM 2 Instructions: Exam 2 for ACCT 436 includes material covered during the weeks 4 and 5 of the class...

Q:

Can I please get help with the attach file? See attach. Thank you! Summer 2016 ACCT 436 6380 EXAM 2 Instructions: Exam 2 for ACCT 436 includes material covered during the weeks 4 and 5 of the class...

Q:

1) Forensic auditing differs from internal auditing because forensic auditing A. Concentrates less on legal issues. B. Places less emphasis on communication skills C. Relies more heavily on...

Q:

Advantages of using Internal Audit Data Analytics includes all but which of the following? A. Continuous auditing B. Utilization of Cloud Computing C. Increased efficiency D. Ability to test 100% of...

Q:

Advantages of using Internal Audit Data Analytics includes all but which of the following? A. Continuous auditing B. UtilizationofCloudComputing C. Increasedefficiency D. Ability to test 100% of the...

Q:

Write a 1-2 page summary of the article. Summarize the key points and ideas of the article. Data analytics helps auditors gain deep insight Financial statement auditors increasingly need to know more...

Q:

I need a 10 page paper for my MIS class. Please do not copy and paste as my school is getting stricter on plagiarism. I have attached the assignment and the sample \fData Analytic Thinking 1 Data...

Q:

DATA ANALYTICS AT DBS GROUP AUDIT: THE FUTURE OF AUDITING IS AUDITING THE FUTURE Numbers have a convincing story to tell, when you know how to make them work for you. With data analytics, we are able...

Q:

DATA ANALYTICS AT DBS GROUP AUDIT: THE FUTURE OF AUDITING IS AUDITING THE FUTURE Numbers have a convincing story to tell, when you know how to make them work for you. With data analytics, we are able...

Q:

The Consumer Price Index (CPI) measures changes in the cost of living by comparing the cost of buying a certain bundle of goods and services over time. The quantities of each commodity remain the...

Q:

Identify the 11 categories of the IIA's International Standards for the Professional Practice of Internal Auditing.

Q:

53. Sparr Investments, Inc., specializes in tax-deferred investment opportunities for its clients. Recently Sparr offered a payroll deduction investment program for the employees of a particular...

Q:

P-1) (100 Pts.) A chemical manufacturing company (CMC) has a contract for the procurement of the neccssaly chemicals from four suppliers. The chemicals purchased from Supplier A are priced at $20...

Q:

Wan Yu Tang purchased a cell phone plan from Endless Journey Wireless. His first monthly invoice for service totaled $65, which included a $15 roaming charge.Without understanding the meaning of a...

Q:

You are the owner of Jimmys Electric, a small electrical construction company. Because of reduction of building in the area, it is necessary that you terminate Milton Youngs employment. He is an...

Q:

Wallenda Jorgenson is in the real estate market to buy a home. She has been attending open houses on her own and has found a house that she wants to buy. She has asked Daniel Thompson,a real estate...