The chapter discussed three issues to consider when obtaining evidence using a sample-based audit procedure: a. The
Question:
The chapter discussed three issues to consider when obtaining evidence using a sample-based audit procedure:
a. The number of transactions or items to examine
b. The actual transactions or items to examine
c. Interpreting the results of the sample
Discuss the how the presence of a misstatement couuld go undetected should any of the three issues fail to be considered appropriately.
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Related Book For 
Auditing Assurance And Risk
ISBN: 9780324313185
3rd Edition
Authors: W. Robert Knechel, Steve Salterio, Brian Ballou
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