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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.
What is an audit, what financial records are available and what is their individual function in completing your audit? Audit is an independent examination of financial informat
phases of operational auditing reports
two advantages of an Audit to the shaire holders
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