An advantage of data analytical approaches applied to auditing is that: "Auditing of entire...
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Accounting
An advantage of data analytical approaches applied to auditing is that: "Auditing of entire populations of transactions may, in particular situations, become cost justified." The legal situation in the United States makes it clear that such an approach will lead to less liability for auditors. Such approaches eliminate the need for auditor professional skepticism. Such approaches generally result in the analysis of far fewer transactions than do traditional sampling approaches.
An advantage of data analytical approaches applied to auditing is that:
"Auditing of entire populations of transactions may, in particular situations, become cost justified."
The legal situation in the United States makes it clear that such an approach will lead to less liability for auditors.
Such approaches eliminate the need for auditor professional skepticism.
Such approaches generally result in the analysis of far fewer transactions than do traditional sampling approaches.
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