AUDITING+ASSURANCE SERVICES (LL)
AUDITING+ASSURANCE SERVICES (LL)
11th Edition
ISBN: 9781266448119
Author: MESSIER
Publisher: MCG
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Chapter 5, Problem 5.12RQ
To determine

Concept Introduction:

Assurance bucket analogy depends on the assurance function. Assurance bucket depends on sufficient evidence to obtain a reasonable level of assurance to give an opinion. Assurance bucket can be different for different levels of assurance. Bucket size will also depend on evidences.

To discuss: Concept of Assurance bucket analogy and the reason for some buckets to be larger than the others for particular assertion or accounts.

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