[RSM423H1] - Final Exam Guide - Comprehensive Notes for the exam (76 pages long!)
Document Summary
Class 1-2 lecture notes: fall 2016: introduction, and cas 500, 530 summaries of key concepts. Introduction to monetary-unit sampling (mus) also called dollar-unit sampling (dus) in north america. Giant stores case: mus mechanics: sample evaluation. Summary of required reading article: hall et al. and overview of how statistical samples should be selected. These notes are only a summary of some parts of cass. They are not a substitute for reading the cass: the purpose of these notes is to give you a summary of much of the class material before taking into account class discussion. We will be covering different concepts of the standards in more depth to help address the many challenges auditors face in the 21st century. The readings in this course illustrate different perspectives on the topics covered. What you will learn is that the standards are imperfect and that auditors need to be aware of their limitations.
