A very experienced auditor takes a new auditor, fresh out of State U, out to lunch and
Question:
A very experienced auditor takes a new auditor, fresh out of State U, out to lunch and remarks: “Statistical sampling is fine, but I believe the best audit techniques are based on nonstatistical samples and audit issues that are spotted through observation. This is something you only get through experience”. In two or more paragraphs, comment on the experienced auditors observations. Are they valid? Why or why not?
Also, include whether you believe statistical methods are more favorable compared to nonstatistical samples. Why?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Comments of the experienced auditor that Statistical sampling is fine but I believe the best audit techniques are based on nonstatistical samples and ...View the full answer
Answered By
Bhartendu Goyal
Professional, Experienced, and Expert tutor who will provide speedy and to-the-point solutions. I have been teaching students for 5 years now in different subjects and it's truly been one of the most rewarding experiences of my life. I have also done one-to-one tutoring with 100+ students and help them achieve great subject knowledge. I have expertise in computer subjects like C++, C, Java, and Python programming and other computer Science related fields. Many of my student's parents message me that your lessons improved their children's grades and this is the best only thing you want as a tea...
2+ Reviews
10+ Question Solved
Related Book For 
Auditing a risk based approach to conducting a quality audit
ISBN: 978-1133939153
9th edition
Authors: Karla Johnstone, Audrey Gramling, Larry Rittenberg
Question Posted:
