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3.
Give two examples of analytical procedures available to an auditor:
- ________________
- ________________
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Solved in 2 steps
- 1C 3_____________________ is a set of accounts or transactions from which the auditor intends to draw a conclusion from it after sampling.Identifying the condition of the data is part of which task? A. Performing a data audit B. Performing extract, transform and load (ETL) C. Performing data analysis D. Conducting a data assessmentWhat are four potential tools available to the auditor for documenting her understanding of an entity's system of internal control? Just list them.
- Which of the following is correct? a. Auditors should evaluate application controls before evaluating general controls b. Auditors should evaluate application controls and general controls simultaneously. c. Auditors should evaluate general controls before evaluating application controls. d. None of these statements is correct. Required: choose the correct answer and Justify your answers in at least 6 sentences.Define and explain the following: A: Audit data analytics B: Audit data analytics procedures.Why is it necessary for internal auditors to have a basic knowledge of various bsuiness processes?