IIA-IAP practice question 17 of 35
Which of the following is a common computer-assisted audit tool used to analyze data?
Full set: 100 questionsComprehensive and Detailed Step-by-Step Explanation: Spreadsheet Software: Tools like Microsoft Excel are commonly used for data analysis in auditing due to their powerful data manipulation, calculation, and visualization capabilities.
Example: Auditors use spreadsheets for sampling, trend analysis, and creating pivot tables.
Reference: The IIA Practice Guide on Computer-Assisted Audit Tools (CAATs) identifies spreadsheet software as a common and versatile tool. Other Options: Social Media: Not relevant for data analysis in auditing. Word Processing Software: Useful for documentation but not designed for data analysis. Thus, the correct answer is B. Spreadsheet Software.
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