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Determine the sampling error

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Reference no: EM132480041

For each of the following independent statements, do you agree or disagree with the statement and why.

Required

Question a. The tolerable deviation rate varies inversely with sample size.

Question b. Inspection of signatures on time cards is an example of attribute sampling.

Question c. Sampling error occurs when an auditor incorrectly interprets the results of the sample.

Question d. Statistical and non statistical sampling allow the auditor to quantify sampling risk.

Question e. It is the auditor's responsibilities to ensure that an external expert engaged to support that audited financial statements has the appropriate qualifications and reputation within their field of expertise.

 

Reference no: EM132480041

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