QUESTION 4 4.1 What is the difference between sampling and non-sampling risk? 4.2 What are the three (3) main types of statistical sampling techniques, and how are they applied in practice? 4.3 Briefly discuss the advantages of using statistical sampling in auditing.

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
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QUESTION 4
4.1 What is the difference between sampling and non-sampling risk?
4.2 What are the three (3) main types of statistical sampling techniques, and how are they applied in
practice?
4.3 Briefly discuss the advantages of using statistical sampling in auditing.
Transcribed Image Text:QUESTION 4 4.1 What is the difference between sampling and non-sampling risk? 4.2 What are the three (3) main types of statistical sampling techniques, and how are they applied in practice? 4.3 Briefly discuss the advantages of using statistical sampling in auditing.
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