Sampling is the bread and butter of a significant portion of audit work. As a team...
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Sampling is the bread and butter of a significant portion of audit work. As a team (or as a class), list several of the most common audit techniques as well as fraud investigation methods. For example, searching for missing invoice numbers or sending accounts receivable confirmation let- ters are two common techniques. Comparing employee addresses with vendor addresses and establishing an anonymous tip line are common fraud investigation techniques. For each tech- nique, have one side argue why sampling is the best option for analysis and have the other side argue why full-population analysis must be done. At the end, determine what percentage of audit techniques are best performed with full- population analysis. Sampling is the bread and butter of a significant portion of audit work. As a team (or as a class), list several of the most common audit techniques as well as fraud investigation methods. For example, searching for missing invoice numbers or sending accounts receivable confirmation let- ters are two common techniques. Comparing employee addresses with vendor addresses and establishing an anonymous tip line are common fraud investigation techniques. For each tech- nique, have one side argue why sampling is the best option for analysis and have the other side argue why full-population analysis must be done. At the end, determine what percentage of audit techniques are best performed with full- population analysis.
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Related Book For
Intermediate Accounting
ISBN: 978-0132162302
1st edition
Authors: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella
Posted Date:
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