Accountancy, asked by GurJas7052, 10 months ago

Identify The Relation Between Sample Size And The Accuracy Of Audit Opunion

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Answered by zacknight47

22

Answer:A sample size of between 50 and 100 should ensure that the results are sufficiently reliable for the majority of purposes, although there will be occasions when a sample as small as 30 may be sufficient.

Explanation:

Answered by Anonymous

1

Answer:

character. For example, test of control, matching of delivery note with sales invoice is an attribute. The attribute sampling refers to statistics relating to test controls and measures presence of controls or deviations from prescribed procedures. The attribute sampling may be used for example to discover rate of deviations in payroll processing or cash disbursements.

Variable sampling is applied to account balance verification and measures the accuracy of amounts in account balances. For example, an auditor may use variable sampling for accounts receivable, inventories and fixed assets balances.

Explanation:

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