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I.AUDIT SAMPLING Definition Audit sampling as the application of audit procedures to less than 100% of the items (in

I.THE CONCEPT OF AUDIT EVIDENCE Audit evidence can be defined in simple terms as any piece of information which assists

A risk assessment is carried out by auditor to identify financial statement areas susceptible to material misstatement and provides a

I. ACCOUNTING DOCUMENT – Material Request – Purchase Request – Quotation – Purchase order – Sale order – Contract with

Audit procedures are carried out by the auditor in order to generate audit evidence. There are a number of audit

Planning an audit involves more than just obtaining business understanding and performing risk assessment. I. PROCESS OF AUDIT PLANNING It