Auditing & Assurance Services (Auditing and Assurance Services)
Auditing & Assurance Services (Auditing and Assurance Services)
7th Edition
ISBN: 9781259573286
Author: Timothy J Louwers, Allen Blay, David Sinason Associate Professor, Jerry R Strawser, Jay C. Thibodeau Associate Professor
Publisher: McGraw-Hill Education
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Chapter G, Problem 1RC
To determine

Define the variables sampling and identify the stage of audit it is used.

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Explanation of Solution

Variable sampling: It is a process which is used to calculate the value of a certain variable within the population.

It is used in the stage of “substantive procedures” of the audit. It is used to scrutinize the population when the audit team needs to assess the true balance or misstatement of a certain account or group of transactions.

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Chapter G Solutions

Auditing & Assurance Services (Auditing and Assurance Services)

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