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Why might an auditor choose to test a sample rather than the entire population of...

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Accounting

Why might an auditor choose to test a sample rather than the entire population of an account balance when performing audit testing? Do auditing standards justify the lower level of assurance obtained when using sampling rather than testing the entire population? Does the auditors report provide any indication that the assurance obtained is based on a sample of less than 100% of the population? Explain.

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