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Directed Sample Selection Is the Selection of Each Item in the Sample

question 94

Essay

Directed sample selection is the selection of each item in the sample based on some judgement criteria established by the auditor.Discuss three commonly-used criteria.


Definitions:

Equitable Remedy

A court-ordered action typically taken to prevent or resolve harm rather than monetary compensation, aiming to ensure fairness.

Statutory Assignment

The transfer of rights or benefits from one party to another as regulated and permitted by law.

Assignee

The party to whom rights or duties under a contract are transferred by another party (the assignor).

Notice of Assignment

A formal notification that a contract or property has been legally transferred from one party to another.

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