Describe audit sampling, Auditing

Assignment Help:

Question:

Part A

(i) Describe audit sampling. Why do auditors sample instead of examining every transaction?

(ii) List the four factors that enter into the sample size decisions.

Part B

(i) Briefly explain four benefits to top management of carrying out performance/operational reviews

(ii) List and describe briefly the phases through which a performance/operational review progresses.


Related Discussions:- Describe audit sampling

Checking consolidation papers, Checking Consolidation Papers The audit...

Checking Consolidation Papers The auditor pays particular concentration to the calculation of: a) Goodwill arising on consolidation and acquisition b) Post-acquisition a

Steps in critical thinking principle, Step 1: Determine learning objective...

Step 1: Determine learning objectives. Considering the importance of a course, its placement in a program of study, and its role in providing a base of knowledge to be built upon

Insurance companies, Insurance Companies Authoritative documents invol...

Insurance Companies Authoritative documents involved as: The Insurance Act The Companies Act IFRS 4 Insurance Contracts The major legislation governing insu

Verification procedures - investment, Verification Procedures - Investment ...

Verification Procedures - Investment Verification actions should follow the common approach outlined in favor of tangible noncurrent assets. Conversely the following particula

Audit evidence and documentation, list and explain four factors that influe...

list and explain four factors that influence the auditor''s judgement regarding the sufficiency if the evidence obtain

Current audit file, Current Audit File The current audit file may invo...

Current Audit File The current audit file may involve inter alia: a) A copy of the audited financial statements and other report prepared such as a conclusion of audit work

Involve people in audit, How to involve people in audit? Ans) Use audits...

How to involve people in audit? Ans) Use audits as opportunities to train others. Ask for a volunteer (who is not an auditor) to walk by the audit process with you as an assista

Brand names - audit process, Brand Names - Audit Process Few companies...

Brand Names - Audit Process Few companies in current years have placed valuations on the brand names of the goods such they sell.  On the balance sheet the valuation is shown.

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd