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Now its clear. Thank you very much!
Bit of confusion still about casting term.
What would that mean in practice – to check arithmetic for each sampled item?
Lets say we have a list of payroll costs at year end:
1000 Employee A
2000 Employee B
3500 Employee C
4500 Employee D
8000 Employee E
19000 TOTAL
And I have sampled item 4500 and 2000.
So checking arithmetic would mean that I recalculate each sampled item e.g from gross to net pay?
From this example I can add up sampled items which does not do much or add up the whole population and check if its actually 19k.
If casting would mean that we sum up all column then what is needed to be done with the sample?
In the same example there is a similar question – give substantive procedures over redundancy provision. And the answer is “obtain an analysis of the redundancy calculations (cost by employee) and cast it to ensure completeness. ”
So I just sum up all items in the list of redundancy costs and say costs are complete? Or do I reperform calculations for each item? But can I say that redundancy costs are complete by reperforming and checking arithmetic for each item?.
Now it’s clear.
Thank you very much!
