Typically, sampling for tests of transactions occur when the client stores transaction files from which the auditor
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Typically, sampling for tests of transactions occur when the client stores transaction files from which the auditor selects a sample. For some automated systems (e.g., electronic data interchange, point-of-sales systems), clients do not save transaction data beyond a month or so (or the transaction files are stored off site and inconvenient to retrieve). Discuss options available to the auditor for overcoming the lack of available transaction data?
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Related Book For
Auditing Assurance And Risk
ISBN: 9780324313185
3rd Edition
Authors: W. Robert Knechel, Steve Salterio, Brian Ballou
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