Explain how and why data analysis is used at the risk assessment stage of the audit process.  Data Analysis: Determination of Sampling Method and Audit Universe: Explain how data analysis is used in the determination of sampling method and audit universe.

Answer rating: 100% (QA)

Risk Assessment Stage Function of audit is to check if there is any misrepresentation of facts or not Risk Assessment stage identifies the companys environment including the internal operating conditi... View the full answer