CPAs may decide to apply nonstatistical or statistical techniques to audit testing. a. List and explain the
Question:
a. List and explain the advantages of applying statistical sampling techniques to audit testing.
b. List and discuss the decisions involving professional judgment that must be made by the CPAs in applying statistical sampling techniques to tests of controls.
c. You have applied attributes sampling to the client’s pricing of the inventory and discovered from your sampling that the sample deviation rate exceeds your tolerable rate. Discuss the courses of action you take.
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a Relative to nonstatistical sampling statistical techniques may provide the auditors with the following advantages 1 Designing efficient samples that ...View the full answer
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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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