Multiple Choice
Which of the following statements is true?
A) Monetary unit sampling is more likely to pull accounts with small balances.
B) Monetary unit sampling allows auditors to evaluate account balances.
C) Prescriptive analytics attempts to find hidden patterns or variables.
D) Predictive analytics uses machine learning and artificial intelligence.
Correct Answer:

Verified
Correct Answer:
Verified
Q19: Unaware of data analysis tools available,a sales
Q20: Which of the following is an example
Q21: Sorting in descending order shows the smallest
Q22: _ allows auditors to evaluate account balances
Q23: Which of the following is not an
Q25: Which type of audit analytics might be
Q26: Large training sets are needed to generate
Q27: Which of the following statements is false?<br>A)
Q28: Benford's Law states that:<br>A) common tables and
Q29: Classification in auditing is typically focused on