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The application of statistical and mathematical tool in conducting audit is very important from the point of view of auditor's effectiveness in discharging his duties. Due to paucity of time, it is not possible for the auditor to conduct in depth checking of different transactions in an Organization. Test checking is the only way out and the technique of test checking is basically based on one of the statistical tool, i.e., sampling. Different other mathematical and statistical techniques are adopted in conducting audit in the areas of vouching, verification and routine checking to make the audit procedures effective.

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11y ago

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