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- The following list contains several processes. Place a check mark next to those items that are most likely to be strong candidates for RPA. (If an item is not likely a strong candidate for RPA leave the field blank.)Which one of the following is the main problem with using non-probability sampling technique? a. The expense b. The results are never representative c. Human judgement error d. Non co-operation of informants FAST PLIZWhen using test data, why are audit teams required to prepare only one transaction to test each IT control?a. The speed and efficiency of the computer results in reduced sample sizes.b. The risk of misstatement is typically lower in an IT environment.c. Audit teams generally perform more extensive substantive testing in an IT environment, resulting in less need to test processing controls.d. In an IT environment, each transaction is handled in an identical manner.
- Which one of the following is the main problem with using non-probability sampling technique? a. The expense b. The results are never representative c. Human judgement error d. Non co-operation of informantsWhat are the two main variables the researcher should consider collecting data for the purpose of the above analysis and why? Identify the data type(s) for the variablesI have the other problems solved but I am having a hard time with part D of the assignment, Further analyze harlows revised variances, isolating underlying potential causal factors. How do your analyses indicate bases for concern to management I have attached the problem with the data information
- The audit team is currently debating whether they should be using static or dynamic reports. Which phase are they most likely in? a. Perform the Analysis b. Master the Data c. Share the story d. Ask the QuestionCompare and contrast the difference between the retrospective analytics approachand the predictive analytics approach to data analytics.The practice of bringing specific issues to the attention of management if they depart from expectation is called __________. Multiple Choice management by exception anomaly outlier fuzzy matching
- Obtain an understanding of the client’s external controls. All things equal, as the risk of assessing control risk too low____________; sample size________________: a. Increases; decreases b. Increases; increases c. None d. Decreases; decreasesWhich of the following increase control risk? Select which two options are correct. Select one or more: A. Lack of segregation of duties B. Reduction in sample size for substantive tests C. Optimistic forecasts presented to analysts D. Reduction in the size of the internal audit groupWhich of the following is not one of the main issues regarding data collection which can significantly affect precision and reliability when using regression or any other cost estimation method? Multiple Choice Time period choice. Nonlinearity. Relevant range. Data accuracy.