Auditing Questions -
Statistical sampling helps the auditor do what specific 3 things per the standard?
What is an alternative to using sampling in an audit?
What are the 2 general approaches to Sampling?
How does sample size relate to sufficiency of audit evidence?
When sampling is used, what are the two sampling risks associated with substantive tests?
When sampling is used, what are the two sampling risks associated with tests of controls?
What is the most important consideration when selecting a sample?
Briefly explain this statement: all items in the population should have an opportunity to be selected?