Audit Risk And Sampling
- Overview
In this assignment, you will prepare a 2–3 page report that addresses the requirements specified in the case. Fully address each requirement and include at least two current references to scholarly and/or authoritative sources.
Instructions
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.
- Use at least two current, quality academic or authoritative sources in this assignment. Note: Wikipedia and similar websites do not qualify as quality scholarly and/or authoritative sources. Use the Strayer University Library to conduct your research.
- This course requires the use of Strayer Writing Standards. For assistance and information, please refer to the Strayer Writing Standards link in the left-hand menu of your course.
The specific course learning outcome associated with this assignment is:
- Determine the impact of a change in business structure on audit risk, inventory transactions, and balances using a given sampling approach.
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