Question
Why is inquiry alone never sufficient audit evidence?
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Answer
It must be corroborated.
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Question
How does classical variables sampling differ from MUS?
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Answer
It is better when many misstatements or understatements are expected.
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Question
Why must the auditor control the confirmation process?
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Answer
To preserve the reliability of the responses.
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Question
What makes audit data reliable when the auditor uses data analytics?
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Answer
Source, controls over preparation, completeness, and accuracy.
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