Question: For each of the common errors in sampling provided below, describe steps that the auditor can take to avoid the errors whenever possible. - Sample
For each of the common errors in sampling provided below, describe steps that the auditor can take to avoid the errors whenever possible.
- Sample size is too small given reliance placed on the sample results
- Misuse of decision aids
- Influence of irrelevant transaction attributes
- Failure to project known errors to the population
- Use of statistical evaluation on the results from a judgmental sampleĀ
- Improper omission of isolated or unique errors from a projection
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