Question
1. Research and describe the 14 steps used in applying audit sampling. 2. Discuss what the auditor should do in the event that the audit
1. Research and describe the 14 steps used in applying audit sampling.
2. Discuss what the auditor should do in the event that the audit sample in the test of controls results in a high deviation rate as well as if the audit sample in a test of details results in materiality higher than the tolerable misstatement. Read ISA 530 for guidance on this subject matter as a basis for your discussion.
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There are 3 Steps involved in it
Step: 1
Question 1 1 Select the population from which the sample will be drawn 2 Deter mine the sampling uni...
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Auditing and Assurance Services A Systematic Approach
Authors: William Messier, Steven Glover, Douglas Prawitt
9th edition
1308361491, 77862333, 978-1259248290, 9780077862336, 1259162346, 978-1259162343
