Machine learning is becoming an increasingly important concept in the field of auditing. Which of the following most accurately describes this topic?
- Machine learning is best described as the ability of machines to recognize complex patterns in audit data and help to remove the auditor's liability for misstatements.
- Machine learning relates to the ability of a client's IT system of internal controls to learn to prevent misstatements
- Machine learning relates to a system being able to recognize objects, symbols, and language and to connect patterns using neural networks.
- None of these answer choices are correct.