Multiple Choice
Popular ways that an auditor might search an audit population for notable items include:
A) Clustering transactions or balances based on a particular characteristic or multiple characteristics.
B) Matching the characteristics of two populations to see if there are any overlaps.
C) Statistical analysis, such as regression analysis, where the notable items are identified using statistics
D) All these answer choices are correct.
Correct Answer:
Verified
Correct Answer:
Verified
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