Question: Data visualization and visual analysis are often effective to incorporate into audit procedures because they can: Group of answer choices a) Increase both audit efficiency
Data visualization and visual analysis are often effective to incorporate into audit procedures because they can:
Group of answer choices
a) Increase both audit efficiency and audit effectiveness
b) Allow for effective pattern recognition.
c) Draw attention to potential risks.
d) All of the above.
2)
Data analytics are increasing the amount of total information (from the audit client and third parties) that auditors are able to incorporate into audit procedures.
Group of answer choices
True
False
3)
When obtaining an understanding of an entitys internal controls in a financial statement audit, an auditor is required to obtain knowledge about both the operating effectiveness of controls and the design of controls.
Group of answer choices
True
False
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