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1. Research and describe the 14 steps used in applying audit sampling. 2. Discuss what the auditor should do in the event that audit sample

1. Research and describe the 14 steps used in applying audit sampling.

2. Discuss what the auditor should do in the event that audit sample in the test of controls results in a high deviation rate as well as if audit sample in test of details result in a 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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