L12 Notes_Part_1 - stated. Attribute sampling typically...

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Is the account balance fairly presented? Variable Sampling: The Question
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Statistics is an art. One needs to consider the validity of the underlying assumptions (e.g., normal distribution, error distribution, law of large numbers, specification of materiality, expectation, acceptable risk, absence of negative zero or understated balances) Audit Risk Model: relationship between CR and DR Differentiate MUS sampling from attribute sampling Variable sampling ask whether the account balance is fairly
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Unformatted text preview: stated. Attribute sampling typically asks whether we can rely on internal controls Variable Sampling: Overview Audit Sampling Attribute Sampling in Tests of Controls Variables Sampling in Substantive Tests of Balances Statistical Nonstatistical Regular Discovery Sequential Directed Block Haphazard Statistical Probability Proportional to Size Classical DUS CMA CAV Mean per unit Difference Estimation Ratio Regression...
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This note was uploaded on 10/05/2011 for the course ACG 5637 taught by Professor Monikacaushoulli during the Fall '08 term at University of Florida.

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L12 Notes_Part_1 - stated. Attribute sampling typically...

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