Day: July 16, 2026

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.

• Significant time must always be spent tailoring data analytics procedures to the individual audit client to achieve good results.

Select ONE answer:

1. True
2. No relevance
3. False
4. 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 3

1. Not correct
2. Not correct
3. Correct – Data analytics is not about spending time tailoring the procedures to the client. A major advantage of data analytics is that they are standardised.
4. Not correct

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