In relation to audit sampling, explain briefly what is meant by: (i) Sampling risk (and levels of
Question:
In relation to audit sampling, explain briefly what is meant by:
(i) Sampling risk (and levels of assurance).
(ii) Stratification.
(iii) Precision limits.
(iv) Tolerable error.
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i Sampling Risk and Levels of Assurance Sampling risk is the probability that the conclusions that auditors draw from examining a sample of items are ...View the full answer
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Related Book For
Principles Of External Auditing
ISBN: 9780470974452
4th Edition
Authors: Brenda Porter, Jon Simon, David Hatherly
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