Audit sampling should not be applied to which of the following audit procedures? A.Physically inspecting items of plant and equipment. B.Inspecting purchase acquisition forms for any evidence of approval. C.Calculating accounts payable turnover ratio and ensuring that it is reasonable compared with the previous year. D.Performing substantive tests for the occurrence of sales. E.Performing external confirmation of cash payable.

Audit sampling is the procedure that is applied to the selected item of the population to form an…

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FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Audit sampling should not be applied to which of the following audit procedures?

	A.	Physically inspecting items of plant and equipment.
	B.	Inspecting purchase acquisition forms for any evidence of approval.
	C.	Calculating accounts payable turnover ratio and ensuring that it is reasonable compared with the previous year.
	D.	Performing substantive tests for the occurrence of sales.
	E.	Performing external confirmation of cash payable.

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