Concept of Audit Sampling

Style	APA
Number of words	1034
Number of sources	0
Spacing	Double
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Question

1.Explain the importance of observing physical inventory during an audit. (1 point)

2.Explain the Concept of Audit Sampling? (2 points)

3.Property, plant, and equipment are often a significant portion of a company’s assets. Describe the inherent risk factors that can affect the audit of this account. (2 points)

Solution: