Question: i. Identify and explain four factors that influence the size of a sample selected by an external editor to enable him carry out a compliance

i. Identify and explain four factors that influence the size of a sample selected by an external editor to enable him carry out a compliance test

iii. In the context of audit sampling, distinguish between the following terms,

1. sampling risk and non-sampling risk.

2. tolerable error and expected error
3. audit risk and detection risk

Step by Step Solution

3.45 Rating (165 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

The detailed answer for the above question is provided below i 1 Type of Data The type of data being tested for compliance will influence the size of ... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!