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Which one is of greater concern to the auditor: risk affecting audit effectiveness or risk affecting audit efficiency? Explain What are other sampling considerations mentioned

  1. Which one is of greater concern to the auditor: risk affecting audit effectiveness or risk affecting audit efficiency? Explain
  2. What are other sampling considerations mentioned in PSA 530?
  3. Define the following terms:

a.Error in the context of tests of controls

b. Error in the context of substantive tests

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