Auditing samples are used when populations contain a small number of large value items, such as payments for professional services, or when inherent and control risks are very high. Samples allow auditors to test items in a population to evaluate whether an assertion is fairly stated, helping determine if the financial statements are free of material misstatement.

2. GROUP MEMBER’S

3. UNDERSTANDTHE NATURE
OF AUDIT SAMPLING

4. •click to add text

8. When the population size
constitute a small number of
large value items
like payments for
professional services by
other experts
When the population size
constitute a small number of
large value items
like payments for
professional services by
other experts
In certain circumstances
such as when both inherent
and control risk are very high

24. Creation :
VRSS GROUP MEMBER’S