When discussing the use of analytical procedures, what is meant by the precision of the expectation? In

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When discussing the use of analytical procedures, what is meant by the “precision of the expectation”? In applying this notion to an analytical procedure, how might an auditor calculate a tolerable difference?

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Auditing and Assurance Services A Systematic Approach

ISBN: 978-1259162343

9th edition

Authors: William Messier, Steven Glover, Douglas Prawitt

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Question Posted: Sep 22, 2014 09:16 AM

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When discussing the use of analytical procedures, what is meant by the precision of the expectation? In

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The quality of an expectation is referred to as the precision of the expectation Precision is a meas...View the full answer

Auditing and Assurance Services A Systematic Approach

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