How much reliance should auditors place on their experience and intuition when selecting samples and/or conducting audits? Can you give me an example when it would be more beneficial to use experience and intuition to select a sample, rather than randomly selecting the sample?© BrainMass Inc. brainmass.com June 4, 2020, 5:14 am ad1c9bdddf
The response addresses the query posted in 382 words with APA references
Auditing sampling can be proved as one of the major practices undertaken by the auditors for the purpose of undertaking the auditing of complex and critical accounts. In regard to this, the paper elaborates the reasons due to which, the auditor is required to use his own experience and intuition while collecting sample for auditing process
For an auditor, sometimes, it becomes quite hard to have thorough concentration of all the items in an auditing process due to time and resource shortage. In this regard, sometimes, it becomes quite essential for an auditor to select sample out of the ...
Audit samples for experience and intuition are examined. An example when it would be more beneficial to use experience and intuition to select a sample are determined. The response addresses the query posted in 382 words with APA references.