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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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What is the relationship between algebra and probability?
They are both branches of mathematics.
What is the relationship between art and mathematics?
not sure , maybe cuzins ..
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what is the differences between IS Audit and traditional Audit?
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accounting is general mathematics which improve your calculations and makes you a expert in mathematicx. So to be perfect in mathematics you have to make your account best than your mathematics.
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difference between audit program audit & note book
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Mathematics is used in all the sciences.
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audit to bank working system
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Difference between audit plan and audit program?
an audit program may contain several audit plans
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