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Why would an auditor prefer to use data analytics

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Reference no: EM132824693

When an auditor performs a risk assessment, he/she is trying to assess the level of risk that his/her client's financial statements are materailly misstated (i.e., not in compliance with GAAP). Auditors then perform additional test work in the higher risk areas.

Problem 1: In completing the risk assessment, why would an auditor prefer to use data analytics with an entire population of data versus a sample of the data?

Reference no: EM132824693

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