An engaging, witty, and fun dive into the Expected Deviations Rate. Discover how auditors use this tool to sniff out non-compliance within control procedures using compliance tests and samples.
Explore the magic and mystery of compliance tests, those unsung heroes of the auditing world, examining the ingredients for effectiveness in internal control procedures. Learn how these tests can make audits smoother, reduce substantive testing, and make accountants everywhere sigh in relief.