Explain how auditing all transactions may in fact enable risk-based auditing and sample-based auditing perpetuate control-based auditing.

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Explain how auditing all transactions may in fact enable risk-based auditing and sample-based auditing perpetuate control-based auditing. Support your answer with examples.

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Operational Auditing Principles And Techniques For A Changing World

ISBN: 9781000388244

2nd Edition

Authors: Hernan Murdock

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Question Posted: Mar 02, 2024 01:00 PM

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Explain how auditing all transactions may in fact enable risk-based auditing and sample-based auditing perpetuate control-based auditing.

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ANSWER Auditing all transactions and using samplebased auditing are two approaches that auditors use to assess the effectiveness of internal controls and detect errors or irregularities in financial t...View the full answer

Operational Auditing Principles And Techniques For A Changing World

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