Audit Sampling

The auditor can't always observe 100% of a company's transactions or account balances. Thus, the auditor must sometimes:

(1) take a sample of less than 100% of the population
(2) draw inferences about the population from the sample
(3) compare the sample's results to a benchmark

Auditors use sampling to test internal controls and to perform substantive procedures.—
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[hsbakhtar]

why is this free youube video explaining things better than my cpa course

[emmanueldiaz]

I’m currently studying for the AUD exam. This upload is perfectly timed. I’m covering this section in my program and I’m kind of confused lol

[syeda]

Background is too dark
Videos are amazing
Quite helpful

[SlyingHigh]

I am an Accounting student myself so I appreciate you uploading these videos! I do have a question in regards to the tolerable misstatement. Isn't the tolerable misstatement similar to materiality? I am trying to understand whether there is a difference or not. Thank you.

[SalumJpaul]

Background is not friendly with the health of the eyes it discourage to maintain the focus