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When Using Nonstatistical Sampling, the Auditor Must Subjectively Consider Whether

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Essay

When using nonstatistical sampling, the auditor must subjectively consider whether the true population misstatement exceeds a tolerable amount. This is done by considering five factors. One factor is the difference between the point estimate and tolerable misstatement. State the other four factors the auditor must consider.


Definitions:

Personal Mission Statement

A succinct expression of one's values, goals, and ambitions, intended to provide direction and motivation.

Face-To-Face Dialogue

A form of communication where participants talk directly with each other in person, allowing for immediate feedback and nonverbal cues.

Channels

Means or mediums through which information is transmitted or distributed from one place to another.

Portable CD Writer

A compact, transportable device used for recording data onto compact discs (CDs), allowing for the storage and transfer of digital information.

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