To test the pricing and mathematical accuracy of sales invoices, the auditors selected a sample of 200
Question:
Explain what conclusions the auditors may draw from the above information, assuming the sample was selected:
a. Using nonstatistical sampling.
b. As part of a difference estimation plan for estimating the total population value.
c. As part of an attributes sampling plan using a stipulated tolerable deviation rate of 5 percent and a risk of assessing control risk too low of 5 percent.
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Related Book For
Principles of Auditing and Other Assurance Services
ISBN: 978-0078025617
19th edition
Authors: Ray Whittington, Kurt Pany
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