Economics · Auditing and Assurance
In modern auditing, what is a primary benefit of using data analytics routines during the financial statement review process?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1It guarantees that no corporate fraud will occur in the subsequent financial years.
- 2It limits the data analysis strictly to very small sample sizes to avoid complications.
- 3It eliminates the requirement for auditors to exercise professional judgment.
- 4It enables auditors to process large volumes of data and identify trends or anomalies through visualization techniques.✓
Correct answer
It enables auditors to process large volumes of data and identify trends or anomalies through visualization techniques.
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