Audit procedure 1 During controls testing the auditors selected a sample of sales invoices and examined them for evidence of a second person checking the goods invoiced to the goods dispatched notes. The sample was chosen by selecting every 25th invoice in the population. Audit procedure 2 During substantive procedures the auditors selected a sample of balances included in the trade payables figure and wrote to the supplier asking them to confirm the amount owed by the audit client at the year-end. The sample was chosen by the auditor selecting the balances from anywhere within the trade payables breakdown, trying to avoid bias. Identify the ISA 500 (Audit evidence) evidence gathering technique and the sampling method used by the auditors in each of these procedures.
During controls testing the auditors selected a sample of sales invoices and examined them for evidence of a second person checking the goods invoiced to the goods dispatched notes. The sample was chosen by selecting every 25th invoice in the population.
Audit procedure 2
During substantive procedures the auditors selected a sample of balances included in the trade payables figure and wrote to the supplier asking them to confirm the amount owed by the audit client at the year-end. The sample was chosen by the auditor selecting the balances from anywhere within the trade payables breakdown, trying to avoid bias.
Identify the ISA 500 (Audit evidence) evidence gathering technique and the sampling method used by the auditors in each of these procedures.
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