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Which PCAOB auditing standards justify the lower level of assurance obtained when using sampling rather than testing the entire population? Cite the relevant section of
Which PCAOB auditing standards justify the lower level of assurance obtained when using sampling rather than testing the entire population? Cite the relevant section of the standard(s). Does the auditors report provide any indication that the assurance obtained is based on a sample of less than 100% of the population? Explain.
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