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Charlie is working on the plan for an audit of a manufacturing firm and is considering the section of the

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Charlie is working on the plan for an audit of a manufacturing firm and is considering the section of the plan relating to substantive testing of purchase invoices. Charlie has to decide how to select the sample.


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Describe the population(s) that would be relevant to Charlie’s sample selection.

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When Charlie is planning the substantive testing of purchase invoices as part of an audit of a manufacturing firm he needs to consider the relevant populations for sample selection Relevant populations in this context refer to the groups of transactions or documents that need to be tested to obtain sufficient and appropriate audit evidence Here are the key populations that would be relevant to Charlie s sample selection Purchase Invoices Population The primary population …View the full answer


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Related Book For  answer-question
Auditing A Practical Approach

Auditing A Practical Approach

ISBN: 9780730382645

4th Edition

Authors: Robyn Moroney, Fiona Campbell, Jane Hamilton

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Question Details
Chapter # 7- Sampling and overview of the risk response phase of the audit
Section: Review Questions
Problem: 23
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Question Posted: September 17, 2023 07:50:19
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