Why is it important to define the universe of data?

What will be an ideal response?

Although the entire universe of data usually cannot be analyzed, it is important that it be defined. This involves identifying any relevant data that may exist and disregarding any irrelevant data. Without properly defining the universe, the forensic accountant cannot select a meaningful sample for detailed analysis. Although such an assessment must be performed early in the investigation, maintaining the proper boundaries of the data universe is an ongoing effort. As new information surfaces, the analyst must determine whether and how it should be considered in the analysis.