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Why is sampling such an important aspect of an audit? Why would an audit be...

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Accounting

  • Why is sampling such an important aspect of an audit? Why would an audit be more difficult without sampling?
  • What are the strengths of attribute, nonstatistical, and monetary unit sampling? Is one considered more reliable than the others?
  • What are data analytics and how are they useful to the audit process? Is cybersecurity a real and/or perceived threat and should it be taken seriously?

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