Define the terms (a) Sampling risk, (b) Tolerable rate of deviation, and (c) Expected population deviation rate.
Question:
(a) Sampling risk,
(b) Tolerable rate of deviation, and
(c) Expected population deviation rate. How does the audit team assess or determine these factors?
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a Sampling risk is the likelihood that the decision made based on the sample will differ from the ...View the full answer
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Related Book For
Auditing and Assurance Services
ISBN: 978-0077862343
6th edition
Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws
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