Question 1 of 6
The auditor wants to identify clauses requiring secondary approval. What should guide the decision to use text-analysis technology?
Strong Interview Answer
The tool can reliably identify the relevant clauses and its output can be validated for the engagement objective.
What to Listen For
- The tool's ability to accurately identify relevant clauses
- Validation of the tool's output against the engagement objective
- Understanding the limitations of automated text analysis
Caution
Avoid simply stating the tool is ‘more reliable’.