In: Accounting
Explaining the importance of the professional use of specialized audit tools (Attributes Sampling, Monetary Unit Sampling, and Data Analytics Tools).
Professional Use of Attributes Sampling, Monetary Unit Sampling, and Data Analytics tools.
Attributes Sampling is used in finding out the effectiveness and efficiency of internal controls within the organization.
Monetary Unit Sampling is used for finding the accuracy of financial accounts.'
Data Analytics tools are used for analysis of data.