
For the following statement regarding audit data analytics, select whether it is of no relevance, depends on the type of business, or is true or false.
- Data analytics allows auditors to investigate complex data using simple visualisation techniques.
Select ONE answer:
- False
- True
- No relevance
- Depends on the type of business
Show your workings to arrive at your answer, and explain and justify your reasons:
……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………
This multiple-choice question is suitable for Accounting KS5 classes.
The answer is 2
- Not correct
- Correct – A key element of data analytics is the ability to process very large and complex data into simple visual representations, which can help auditors to spot trends they might otherwise have missed.
- Not correct
- Not correct

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