Question
What are the risks associated with relying on a sample rather than testing the entire population of transactions for an account balance? Define sampling risk
What are the risks associated with relying on a sample rather than testing the entire population of transactions for an account balance? Define sampling risk and nonsampling risk. What can the auditor do to reduce each of these risks?
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Cost Accounting For Managerial Planning Decision Making And Control
Authors: Andrew Schiff, Hsihui Chang, Woody M Liao, James L Boockholdt
5th Edition
0759340412, 978-0759340411
