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Topic: Miscellaneous
Number of pages / Number of words: 2 / 463
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This simulation help us a lot, we are able to plan out our auditing and chooses the risks. The simulation also provided us with information to help us select our decisions. After our decisions, we were able to know if they were the right choices or not.


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We learned that certain accounts have to be audit 100 percent. Some of these accounts are cash, intangible, and line of credit. These accounts are not samples accounts. Audit sampling is an audit procedure to less than 100 percent of the items within an account balance or class of transactions for the purpose of evaluating some characteristic of the balance or class...


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