Question: Explain how auditing all transactions may in fact enable risk-based auditing and sample-based auditing perpetuate control-based auditing. Support your answer with examples.

Explain how auditing all transactions may in fact enable risk-based auditing and sample-based auditing perpetuate control-based auditing. Support your answer with examples.

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ANSWER Auditing all transactions and using samplebased auditing are two approaches that auditors use to assess the effectiveness of internal controls and detect errors or irregularities in financial t... View full answer

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