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Advantage and Disadvantage of Judgmental Sampling
The advantages of judgment sampling
Its disadvantages are that:
Judgment sampling is still the preferred method through the majority of auditors and this is defended on the grounds which the auditor is weighing few pieces of evidence and is investigating few things on the similar time which the whole process is too complex to be reduced to easy formulas.
Fitri, a sole proprietor in pulic practice, plans to establish a separate department that will provide internal audit service to his audit clients.
audit account?
Plz assist me with these questions The auditors for Weston University are conducting their audit for the fiscal year ended December 31, 2011. Specifically, the audit firm is now
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
Q. If Kiner Company issues 3,000 shares of $5 par value common stock for $70,000, the account a. Paid-in Capital in Excess of Par Value will be credited for $15,000. b. Common Stoc
What is audit planning
Auditor performs analytical work only at the end of the audit. Ans: I disagree with the statement because: i) Analytical work/procedures are used to obtain an understanding o
Work Related Health Problems The health of a person working on a specific job in a particular environment may be affected by both. It is valuable to have a clear understanding
Types of Transaction - Related Party Fundamentally two types of transactions which arise between a related party and a company as: A. It is usual for members of a collectio
The agency relationship between absentee owners and managers produce a natural conflict of interest.what does it mean?
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