Final answer:
The correct answer is option 3) a GAS program that is widely used in practice.IDEA allows auditors to import and analyze large volumes of data from different sources, identify patterns and anomalies, and generate customized reports.
Step-by-step explanation:
The correct answer to this question is option 3) a GAS program that is widely used in practice.
IDEA stands for Interactive Data Extraction and Analysis and it is a popular software program used in accounting and auditing. It is specifically designed for auditors to perform tasks such as data extraction, analysis, and reporting in a more efficient and effective manner. IDEA allows auditors to import and analyze large volumes of data from different sources, identify patterns and anomalies, and generate customized reports.
For example, auditors can use IDEA to analyze financial data, identify fraudulent activities, check for compliance with regulatory requirements, and assess the effectiveness of internal controls. Some of the features of IDEA include data import, data transformation, data analysis, and report generation.
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