Question: Financial audits are basically sampling procedures to verify with a predetermined accuracy the sources and uses of the company receipts and expenditures; the larger the

Financial audits are basically sampling procedures to verify with a predetermined accuracy the sources and uses of the company receipts and expenditures; the larger the sample, the higher the accuracy. what's the maximum amount the compensation committee of the board will be willing to pay for a perfect forecast if it were possible for the auditors to distinguish good from medium luck ? what about medium form bad luck ?

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