Moving to another question will save this response. Question 25 of 60 Question 25 10 points Save Arnwer An auditor is testing revenue for a Hotel, where the revenue is based on the rate charged per night and how many rooms are occupied, smaller revenue is made from sales of food, etc. - Inherent risk was determined to be high, control risk was determined to be set at the maximum, and detection risk was set to low - The Auditor has also determined that revenue was a significant and fraud risk based on past aquit expenence - The auditor wants to be efficient and effective and realized that if helshe could get information on () the average the number of moms optimied and (u) the average rate charged per room. The auditor can use this information in a reasonableness analytic to calculate revenue - If the auditor performed a test of detail instead of an analytic helshe would need to pick a sample of invoices for customers across the year based on non stat sampling the sample size would be close to 200 invoices - It's estimated the analytic would take 10-20 hours of work, and the Test of detail (invoices/cash verification) would take BO hours of work What statement is TRUE if the auditor wants to be effective and efficient, and comply with auditing standards of the PCAOB: Cannot be determined O Perform traditional analytic and audit data analytics only for substantive procedures is an appropriate aunt strategy from an effectiveness perspective O Lise of analytic's only is not an appropriate approach in this case based on the Fraud Risk and Significant Risk that was assesand Performing test of details, test of controls, and analytical procedures is the most efficient approach to test this balance Moving to another question will save this response.