Discuss why each of the following is not an acceptable audit sampling technique. a. Select only 10
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Question:
Discuss why each of the following is not an acceptable audit sampling technique.
a. Select only 10 large payments made during the year for substantive testing of cash at bank which has a population of 1000 transactions.
b. Perform calculations to confirm depreciation charge for the year.
c. Select all material receivables balances for accounts receivables circularization.
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