AUDITING A PRACTICAL APPROACH
WITH DATA ANALYTICS 2ND EDITION
RAYMOND JOHNSON LAURA DAVIS WILEY
ROBYN MORONEY TEST BANK FINAL
STUDY GUIDE 2026 SOLVED QUESTIONS
FULLY CORRECT
⫸ Which of the following computer-assisted auditing techniques
processes client input data on a controlled program under the auditor's
control to test controls in the computer system?
A.
Test data.
B.
Review of program logic.
C.
Integrated test facility.
D.
Parallel simulation.
SHOW CORRECT ANSWER Answer: D
⫸ An auditor has obtained a file containing transaction-level data
extracted from a client's accounting system. The file includes millions of
sales, returns, discounts, and allowances. The auditor has verified that
the data is reliable. Which of the following procedures can be performed
,with generalized audit software to test the mathematical accuracy of net
sales?
A.
Comparison of hash totals for the file and the general ledger.
B.
Attribute sampling.
C.
Variables sampling.
D.
Recalculation.
SHOW CORRECT ANSWER Answer: D
⫸ Audit data analytics is the process of transforming large amounts of
raw data into useful information for the purpose of identifying patterns
and irregularities in the audit. Audit data analytics would be least useful
in
A.
Planning the audit for a new client.
B.
Performing substantive procedures when the reliability of internal data is
questionable.
C.
Performing risk assessment procedures when inherent risks are high.
D.
, Forming a conclusion on the audit of a client that operates in a volatile
industry.
SHOW CORRECT ANSWER Answer: B
⫸ Audit data analytics can be used in which of the following types of
audit procedures?
Risk assessmentTests of details
A.
YesYes
B.
YesNo
C.
NoYes
D.
NoNo
SHOW CORRECT ANSWER Answer: A
⫸ An auditor has decided to perform preliminary audit data analytics
with respect to sales discounts using sales invoices and discounts. Which
of the following procedures is the auditor least likely to perform when
testing the reliability of the underlying data in this scenario?
A.
Verify that all prenumbered sales invoices are accounted for.
WITH DATA ANALYTICS 2ND EDITION
RAYMOND JOHNSON LAURA DAVIS WILEY
ROBYN MORONEY TEST BANK FINAL
STUDY GUIDE 2026 SOLVED QUESTIONS
FULLY CORRECT
⫸ Which of the following computer-assisted auditing techniques
processes client input data on a controlled program under the auditor's
control to test controls in the computer system?
A.
Test data.
B.
Review of program logic.
C.
Integrated test facility.
D.
Parallel simulation.
SHOW CORRECT ANSWER Answer: D
⫸ An auditor has obtained a file containing transaction-level data
extracted from a client's accounting system. The file includes millions of
sales, returns, discounts, and allowances. The auditor has verified that
the data is reliable. Which of the following procedures can be performed
,with generalized audit software to test the mathematical accuracy of net
sales?
A.
Comparison of hash totals for the file and the general ledger.
B.
Attribute sampling.
C.
Variables sampling.
D.
Recalculation.
SHOW CORRECT ANSWER Answer: D
⫸ Audit data analytics is the process of transforming large amounts of
raw data into useful information for the purpose of identifying patterns
and irregularities in the audit. Audit data analytics would be least useful
in
A.
Planning the audit for a new client.
B.
Performing substantive procedures when the reliability of internal data is
questionable.
C.
Performing risk assessment procedures when inherent risks are high.
D.
, Forming a conclusion on the audit of a client that operates in a volatile
industry.
SHOW CORRECT ANSWER Answer: B
⫸ Audit data analytics can be used in which of the following types of
audit procedures?
Risk assessmentTests of details
A.
YesYes
B.
YesNo
C.
NoYes
D.
NoNo
SHOW CORRECT ANSWER Answer: A
⫸ An auditor has decided to perform preliminary audit data analytics
with respect to sales discounts using sales invoices and discounts. Which
of the following procedures is the auditor least likely to perform when
testing the reliability of the underlying data in this scenario?
A.
Verify that all prenumbered sales invoices are accounted for.
