Assignment 3: Audit Risk and Sampling Specifically you will be required to: Explain the...
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Accounting
Assignment 3: Audit Risk and Sampling
Specifically you will be required to:
- Explain the effects on the account of the opening of the first retail store.
- Describe how the business change will affect audit risk components.
- Determine expected changes to inventory transactions and balances and specify which will be most affected by the business structure change.
- Describe the population(s) and recommend a sampling approach for substantive inventory testing
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