"Technology has steadily reduced the number of situations in which audit sampling is necessary and in the future technology will probably eliminate the need for auditors to rely on sampling." Defend or refute the preceding statement.
What will be an ideal response?
Technology will not likely eliminate the need for auditors to rely on sampling to some degree because (1) many control processes require human involvement to operate effectively, (2) many testing procedures require the auditor to physically examine certain items (such as tangible assets), and (3) in many cases, auditors are required to obtain and examine evidence from third parties. In a large population, these situations all require both sampling and an auditor's "hands-on" attention and judgment.
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