Question: 3. You have performed an audit data analytics (ADA) procedure and documented notable items. How would you address the notable items? a) When few exceptions
3. You have performed an audit data analytics (ADA) procedure and documented notable items. How would you address the notable items? a) When few exceptions are identified, the auditor may be able to examine each one to determine the impact on the original risk assessment. b) When a great number of notable items are identified, the auditor must conclude the test was ineffective. c) When no exceptions are identified, the auditor should assume the test has not been performed correctly and should reperform the test. d) When few exceptions are identified, reduce the exceptions by using clustering 4. Vouching recorded sales to supporting documents relates to the assertion of? a) existence or occurrence. b) rights and obligations c) accuracy, valuation, and allocation. d) all the above
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