Question: The auditor is most likely going to perform audit data analytics (ADA) as a substantive test when the auditor has performed tests of controls and

The auditor is most likely going to perform audit data analytics

The auditor is most likely going to perform audit data analytics (ADA) as a substantive test when the auditor has performed tests of controls and concluded that the entity has strong controls completed the audit and is ready to issue the audit report performed tests of controls and concluded that the entity has weak controls confirmed the procedures to be conducted with the internal audit function

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

The auditor is most likely going to perform audit data analytics (ADA) as a substantive test when the auditor has _______. a. performed tests of controls and concluded that the entity has weak IT...

When the auditor is performing audit data analytics ( ADA ) as a substantive test of details of a population of transactions or balances: the auditor has not yet assessed either control or inherent...

When the auditor is performing audit data analytics ( ADA ) as a substantive test of details of a population of transactions or balances, q , the auditor will have evaluated inherent risk, but not...

When the auditor is performing audit data analytics ( ADA ) as a substantive test of details of a population of transactions or balances, q , the auditor is yet to evaluate inherent risk but has...

are controls that do not rely on the client's information technology (IT) environment for their operation. A. Automated controls B. Manual controls c. Computer application controls D. IT general...

1) The concept of testing at an interim date relates to _______. a) testing at year-end. b) testing at a point before year-end. c) testing after year-end. d) None of these answer choices is correct....

After the auditor completes test of controls and draws conclusion about control risk, the auditor makes decisions about the nature, timing, and extent of O A. non-sampling risk O B. sampling risk O...

11. It is important for an auditor to understand a public companys system of internal control in order to: audit internal control over financial reporting. make a preliminary assessment of control...

In this assignment, you will prepare a 23 page report that addresses the requirements specified in the case. Fully address each requirement and include at least two current references to scholarly...

1. Identify the phrase that best defines audit data analytics (ADAs). a Science and art of discovering and analyzing patterns, identifying anomalies, and extracting other useful information in data...

The newest clerk in the accounting office recently entered trial balance data for the parent company and its subsidiaries in the companys consolidation program. After a few minutes of additional work...

Use the Target Corporations Form 10-K to answer the following questions related to Targets 2012 fiscal year (year ended February 2, 2013). Targets Form 10-K is available on the companys website or...

Elizabeth Island Airways scher. Ellermalogenal airine serving the New England area, recently suffered a major cras. As a result passengers are considered to be shy choose As there comer when making...

Discuss three reasons why recruiting is important to organizational success.

Evaluate the importance of diversity in the workforce.

Identify the legal standards of the recruitment process.