Explain the audit sampling
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How should the results of a nonstatistical test of controls sample be evaluated in terms of considering sampling risk?
In performing certain audit procedures, the auditor may encounter voided documents, inapplicable documents, or missing documents, or the auditor .
Define attribute sampling. Why is this sampling technique appropriate for tests of controls?
Distinguish between nonstatistical and statistical sampling. What are the advantages and disadvantages of using statistical sampling?
Define audit sampling. Why do auditors sample instead of examining every transaction?
Specify whether the report identifies any material weaknesses, and if so briefly describe the nature of the issue.
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Determine the policies and procedures that would be needed for all contingency planning efforts.
Brown, CPA, is auditing the financial statements of Big Z Wholesaling, Inc., a continuing audit client, for the year ended January 31, 2015.
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