Please answer the following questions on sampling. 1. Define, and differentiate between, non statistical (judgmental) sampling and statistical sampling. I need at least four sentences for this answer. 2. List and explain up to three advantages of applying statistical sampling techniques to audit testing. I need at least five sentences for this answer. Please help me as soon as possible.
Please answer the following questions on sampling.
1. Define, and differentiate between, non statistical (judgmental) sampling and statistical sampling.
I need at least four sentences for this answer.
2. List and explain up to three advantages of applying statistical sampling techniques to audit testing.
I need at least five sentences for this answer.
Please help me as soon as possible.
“Since you have asked multiple questions, we will solve the first question for you. If you want any specific question to be solved, then please specify the question number or post only that question.”
1.
Introduction
A sample is a smaller and manageable representation of a larger group.
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I need more clarification on the following part of part (3):Objectively evaluating sample results:
The objectives of evaluation are listed below:
- Results of analytical procedures
- Uncorrected misstatements
- Qualitative aspects in accounting practices
- Relating the assessment of risk and fraud
- Sufficiency evidence for the transactions
Would it be correct to write that the five bullets are five objectives that can occur when assessing the results of the sample?
Therefore, could I rewrite it entirely to: There are five objectives that can occur when assessing the results of the sample. They are results of analytical procedures, uncorrected misstatements, qualitative aspects in accounting practices, relating the assessment of risk and fraud, and sufficiency evidence for the transactions.
or would it be better to write: There are five objectives that occur when assessing the results of the sample. They are results of analytical procedures, uncorrected misstatements, qualitative aspects in accounting practices, relating the assessment of risk and fraud, and sufficiency evidence for the transactions.
Please answer by Friday night at the latest.
by Bartleby ExpertI need you to explain the 2 sentences at the bottom in more detail. I do not understand the concepts of the following two sentences from part 2 of this question.
- Auditor to obtain a high level of certainty that misstatement or deviation is not representative of the population.
- As the risk increases the amount of evidence by identifying the risk of material misstatement and risk associated with the control
- Thank you
by Bartleby ExpertPlease answer the following questions on sampling.
- List and explain up to three advantages of applying statistical sampling techniques to audit testing.
The advantages of statistical sampling over non statistical sampling include assisting the auditors in (1) designing efficient samples, (2) measuring the sufficiency of the evidence obtained, and (3) objectively evaluating sample results.
I need to figure out how to explain these three advantages with at least two sentences further explaining each advantage for a total of at least six extra sentences explaining these advantages.
Please help me as soon as possible. Thank you for the previous help.
by Bartleby Expert
