Question: The auditor builds a model using inputs including the date of acquisition of each new long-lived asset acquired during the year, its acquisition cost, useful

The auditor builds a model using inputs including the date of acquisition of each new long-lived asset acquired during the year, its acquisition cost, useful life, and salvage value. The auditor will develop and use a model to determine if a client's depreciation expense recorded in the current year in the general ledger is reasonable. This is an example of what type of audit data analytics?

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The scenario you described is an example of substantive audit data analytics Substantive analytics involve analyzing data to detect anomalies inconsistencies or patterns that could indicate potential ... View full answer

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