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Machine learning is a technique and approach that is becoming increasingly prevalent in the world of auditing. Which of the following represents the best example of a scenario whereby machine learning could be used effectively?

An auditor wishes to improve the response rate for accounts receivable positive confirmations.

An auditor wishes to identify unauthorized revenue transactions in a client's general ledger.

A Chief Financial Officer wishes to ensure that all bad debt expense write offs are personally approved by him before being authorized.

None of these answer choices are correct.