How can auditor use data analytics to assess risk associated

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Question - Your client is a manufacturer of women's clothing. The company manufacturers everything from shorts and t-shirts to professional and formal attire for women. The visualization titled "Number of Units Sold v. Inventory Total Dollar Value January 2017" presents the client's invoice data for January 2017. The client sells to a variety of customers including department stores, online retailers, and smaller boutiques. These data are part of your preliminary analytical procedures.

Q1: How can an auditor use data analytics to assess risk associated with management assertions for financial statements?

Q2: If you could get more data than what you see in the visualization, what would you want and why?

Reference no: EM133043791

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