Understatement tests are usually difficult to design because of the problems of identifying an appropriate reciprocal population.

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Understatement tests are usually difficult to design because of the problems of identifying an appropriate reciprocal population. This is demonstrated in the audit of sales. Should auditors abandon the concept of directional testing because of this?

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Auditing Theory And Practice

ISBN: 9780132408967

2nd Edition

Authors: John Dunn

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Question Posted: May 14, 2024 05:02 AM

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Understatement tests are usually difficult to design because of the problems of identifying an appropriate reciprocal population.

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Noauditors should not abandon directional testing because of difficulties in identifying a reciprocal population for understatement testsparticularly ...View the full answer

Auditing Theory And Practice

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