John tackles questions from auditors as they adjust to recent and proposed changes relating to sample sizes, inherent risk, OEPIs and quality management.
Over the past few years there has been an increased focus on improving audit quality throughout the audit profession. It is not uncommon for thinking to change on a particular issue without there being a related change in any of the International Standards on Auditing (ISAs).
Auditors have always regularly reviewed their approach to audit sampling, to be as efficient and effective as possible. Currently, despite there being no specific change to the ISA, many audit firms are looking at how they determine sample sizes.
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