Briefly explain how the auditor can use each of the following methods of sample selection when carrying out his audit assignment; i) Stratified sampling (2 marks) ii) Cluster sampling (2 marks) iii) Haphazard sampling (2 marks)

You are to submit a strategic plan (formal report format) to evaluate the extent to which your Make an Impact business has the potential to become a sustainable/growth business (by giving consideration to the growth models discussed in class i.e. Burns, Greiner, Klofsten; growth through merging, acquisitions, joint ventures etc) This plan should be around 2,500 words (+/- 10%).
July 5, 2016
Explain why a business might decide to change from a closed to an open plan office.
July 5, 2016
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Briefly explain how the auditor can use each of the following methods of sample selection when carrying out his audit assignment; i) Stratified sampling (2 marks) ii) Cluster sampling (2 marks) iii) Haphazard sampling (2 marks)

a) Briefly explain how the auditor can use each of the following methods of sample selection when carrying out his audit assignment;
i) Stratified sampling (2 marks)
ii) Cluster sampling (2 marks)
iii) Haphazard sampling (2 marks)
iv) Block sampling (2 marks)
b) Explain the reasons why an auditor is not required to carry out a complete check of all the transactions and balances of a business. (4 marks)
c) Identify the cases where an auditor is required to conduct a complete check of all the transactions and balances of a business. (4 marks)
d) Explain two reasons why an auditor should consider materiality when selecting a sample size. (4 marks)
(Total: 20 marks)

 

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