Explain the advantages of applying statistical sampling techniques to audit testing.

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Answer 1

Question

Chapter 9, Problem 29QRA

a.

To determine

Explain the advantages of applying statistical sampling techniques to audit testing.

b.

To determine

Explain the professional judgements required to be taken by the CPAs in applying statistical sampling techniques to tests of controls.

c.

To determine

Explain the desirable actions that should be taken by the auditor in case of higher deviation rate than the tolerable rate.

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Answer 2

Question

Chapter 9, Problem 29QRA

a.

To determine

Explain the advantages of applying statistical sampling techniques to audit testing.

b.

To determine

Explain the professional judgements required to be taken by the CPAs in applying statistical sampling techniques to tests of controls.

c.

To determine

Explain the desirable actions that should be taken by the auditor in case of higher deviation rate than the tolerable rate.

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Answer 3

Question

Chapter 9, Problem 29QRA

a.

To determine

Explain the advantages of applying statistical sampling techniques to audit testing.

b.

To determine

Explain the professional judgements required to be taken by the CPAs in applying statistical sampling techniques to tests of controls.

c.

To determine

Explain the desirable actions that should be taken by the auditor in case of higher deviation rate than the tolerable rate.

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Answer 4

Question

Chapter 9, Problem 29QRA

a.

To determine

Explain the advantages of applying statistical sampling techniques to audit testing.

b.

To determine

Explain the professional judgements required to be taken by the CPAs in applying statistical sampling techniques to tests of controls.

c.

To determine

Explain the desirable actions that should be taken by the auditor in case of higher deviation rate than the tolerable rate.

Expert Solution & Answer

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Answer 5

Chapter 9, Problem 29QRA

a.

To determine

Explain the advantages of applying statistical sampling techniques to audit testing.

b.

To determine

Explain the professional judgements required to be taken by the CPAs in applying statistical sampling techniques to tests of controls.

c.

To determine

Explain the desirable actions that should be taken by the auditor in case of higher deviation rate than the tolerable rate.

Answer 6

Chapter 9, Problem 29QRA

a.

To determine

Explain the advantages of applying statistical sampling techniques to audit testing.

Answer 7

Chapter 9, Problem 29QRA

a.

To determine

Explain the advantages of applying statistical sampling techniques to audit testing.

Answer 8

b.

To determine

Explain the professional judgements required to be taken by the CPAs in applying statistical sampling techniques to tests of controls.

Answer 9

b.

To determine

Explain the professional judgements required to be taken by the CPAs in applying statistical sampling techniques to tests of controls.

Answer 10

c.

To determine

Explain the desirable actions that should be taken by the auditor in case of higher deviation rate than the tolerable rate.

Answer 11

c.

To determine

Explain the desirable actions that should be taken by the auditor in case of higher deviation rate than the tolerable rate.

Answer 12

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Answer 13

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Answer 14

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Answer 15

Ch. 9 - Prob. 1RQ Ch. 9 - Prob. 2RQ Ch. 9 - Prob. 3RQ Ch. 9 - Prob. 4RQ Ch. 9 - Prob. 5RQ Ch. 9 - Prob. 6RQ Ch. 9 - Prob. 7RQ Ch. 9 - Prob. 8RQ Ch. 9 - Prob. 9RQ Ch. 9 - Prob. 10RQ

Explain the advantages of applying statistical sampling techniques to audit testing.

Solution Summary: The author explains the advantages of applying statistical sampling techniques to audit testing.

Explain the advantages of applying statistical sampling techniques to audit testing.

Explain the professional judgements required to be taken by the CPAs in applying statistical sampling techniques to tests of controls.

Explain the desirable actions that should be taken by the auditor in case of higher deviation rate than the tolerable rate.

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Chapter 9 Solutions