In relation to audit sampling, explain briefly what is meant by: (i) Sampling risk (and levels of

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In relation to audit sampling, explain briefly what is meant by:

(i) Sampling risk (and levels of assurance).

(ii) Stratification.

(iii) Precision limits.

(iv) Tolerable error.

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Principles Of External Auditing

ISBN: 9780470974452

4th Edition

Authors: Brenda Porter, Jon Simon, David Hatherly

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Question Posted: Jan 27, 2024 11:01 PM

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In relation to audit sampling, explain briefly what is meant by: (i) Sampling risk (and levels of

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i Sampling Risk and Levels of Assurance Sampling risk is the probability that the conclusions that auditors draw from examining a sample of items are ...View the full answer

Principles Of External Auditing

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