AUDITING+ASSURANCE 12MONTH ACCESS CARD
AUDITING+ASSURANCE 12MONTH ACCESS CARD
17th Edition
ISBN: 9780135635131
Author: ARENS
Publisher: WILEY
Question
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Chapter 15, Problem 27DQP

a.

To determine

Explain the cost and benefits of using the statistical sampling over the non-statistical sampling.

b.

To determine

Explain the relationship between the audit risk, sampling risk and non-sampling risk.

c.

To determine

Discuss the situation when sampling is not an appropriate method of performing tests of controls.

d.

To determine

Explain the risk of assessing control risk too low and the risk of assessing control risk too high. Also, explain the impact of risk on the efficiency and effectiveness of the audit.

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