A financial institution suspects that a manager has been crediting customer accounts without authorization. Which of the following is the MOST effective method to validate this concern?
Discovery sampling is particularly useful in detecting fraud or irregularities. It is designed to find at least one occurrence of an error or fraud in the population being examined, making it highly effective for situations where there is a suspicion of unauthorized activities.
By employing stop-or-go sampling, auditors can systematically review a sample of customer accounts and transactions, assessing whether unauthorized credits have occurred.
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