ACCT 401

profileetrade2016
ACCT401-Assignment2-Questions.docx

بسم الله الرحمن الرحيم

Assignment

2

Marks

10 (3.75)

Auditing Principles and Procedures

Code

ACCT 401

Uploading

End week 5

Submission

End week 6

Date

Sat 21/10/2017

Dates

Sat 28/10/2017

Instructions:

· You must include your DETAILS (Name, Student number, CRN, Date of submission).

· This is an INDIVIDUAL assignment.

· The answer must be in English .

· Answer the ALL questions.

· DO NOT copy.

· USE your own words.

· DO NOT put or rewrite the question in the answer document.

· Assignments should be submitted in MS Word format

· Font should be Times New Roman with 12 points .

· Students who submit assignments after deadline, will get ZERO .

· DO NOT put your answer in a photo.

· If you engaged in plagiarism, you will get ZERO marks in the assignment or course.

1- What are the functions of audit documentation? (2 Marks)

2- Describe statistical sampling and non-statistical sampling. What are the major advantages and disadvantages of statistical sampling and non-statistical sampling? (3Marks)

3- The testing of hierarchy is considered to be more effective and more efficient. Why?  (2Marks)

4- Contrast reliance strategy VS substantive strategy? (3Marks)