concept of audit value versus book value

  • Creator
    Topic
  • August 14, 2011 at 4:43 pm #161258
    Nbkna2c
    Participant

    Can anyone describe for me what “audit value” is? The term was used in the variable sampling section…thanks!

    Just figured it out….the audit value is equal to the sample that was calculated for a particular assertion…then that is compared to the book value. Certain inferences can be made by comparing the two….”Difference Estimation: one of the classic variable sampling techniques”….

    BUMP

    BEC 78
    REG 84
    AUD 76
    FAR 83

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