- 22 Marks
AA – Nov 2023 – L2 – Q2 – Audit Evidence
Discuss requirements and methods for designing an audit sample and circumstances when sampling may be inappropriate.
Question
ISA 530 Audit sampling states that the objective of the auditor when using audit sampling is to provide a reasonable basis to draw conclusions about the population from which the sample is drawn.
Required:
a. In accordance with ISA 530, what are the requirements the auditor should consider in designing a sample size? (6 Marks)
b. Explain FIVE sampling methods that are available for the use of the auditor. (10 Marks)
c. State FOUR circumstances where sampling may not be appropriate for use by the auditor. (4 Marks)
Find Related Questions by Tags, levels, etc.
- Tags: Audit evidence, Audit Methods, ISA 530, Non-Sampling Circumstances, Sampling
- Level: Level 2
- Topic: Audit evidence
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