Question
Explain briefly what is meant by 'audit sampling and In relation to audit sampling, explain briefly what is meant by; (i) Sampling risk (ii) Stratification
Explain briefly what is meant by 'audit sampling and In relation to audit sampling, explain briefly what is meant by;
(i) Sampling risk
(ii) Stratification
(iii) Precision limits
(iv) Tolerable error
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Audit sampling refers to the application of given audit procedures to less than 100 of the total i...
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Step: 2
Step: 3
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Principles of Auditing and Other Assurance Services
Authors: Ray Whittington, Kurt Pany
19th edition
978-0077804770, 78025613, 77804775, 978-0078025617
