Non-statistical sampling test of control: The difference between non-statistical and statistical sampling is mainly in the selection of sample size and calculating the upper deviation rate. Under the non-statistical sampling method, the sample size is determined based on personal experience and knowledge of the auditor and guidance in audit firm policy. All the major available sample selection methods can be used for selection of sample. The amount of allowance for sampling risk included in the computed upper deviation rate of 7.8%

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Answer 1

Question

Chapter 8, Problem 8.30P

a

To determine

Introduction:

Non-statistical sampling test of control: The difference between non-statistical and statistical sampling is mainly in the selection of sample size and calculating the upper deviation rate.

Under the non-statistical sampling method, the sample size is determined based on personal experience and knowledge of the auditor and guidance in audit firm policy. All the major available sample selection methods can be used for selection of sample.

The amount of allowance for sampling risk included in the computed upper deviation rate of 7.8%

b

To determine

Introduction:

Non-statistical sampling test of control: The difference between non-statistical and statistical sampling is mainly in the selection of sample size and calculating the computed upper deviation rate.

Under the non-statistical sampling method, the sample size is determined based on personal experience and knowledge of the auditor and guidance in audit firm policy. All the major available sample selection methods can be used for selection of sample.

The justification of an increase in sample size, increase or adjustment in the preliminary assessment of control risk

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Answer 2

Question

Chapter 8, Problem 8.30P

a

To determine

Introduction:

Non-statistical sampling test of control: The difference between non-statistical and statistical sampling is mainly in the selection of sample size and calculating the upper deviation rate.

Under the non-statistical sampling method, the sample size is determined based on personal experience and knowledge of the auditor and guidance in audit firm policy. All the major available sample selection methods can be used for selection of sample.

The amount of allowance for sampling risk included in the computed upper deviation rate of 7.8%

b

To determine

Introduction:

Non-statistical sampling test of control: The difference between non-statistical and statistical sampling is mainly in the selection of sample size and calculating the computed upper deviation rate.

Under the non-statistical sampling method, the sample size is determined based on personal experience and knowledge of the auditor and guidance in audit firm policy. All the major available sample selection methods can be used for selection of sample.

The justification of an increase in sample size, increase or adjustment in the preliminary assessment of control risk

Expert Solution & Answer

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Check out a sample textbook solution

See solution

Answer 3

Question

Chapter 8, Problem 8.30P

a

To determine

Introduction:

Non-statistical sampling test of control: The difference between non-statistical and statistical sampling is mainly in the selection of sample size and calculating the upper deviation rate.

Under the non-statistical sampling method, the sample size is determined based on personal experience and knowledge of the auditor and guidance in audit firm policy. All the major available sample selection methods can be used for selection of sample.

The amount of allowance for sampling risk included in the computed upper deviation rate of 7.8%

b

To determine

Introduction:

Non-statistical sampling test of control: The difference between non-statistical and statistical sampling is mainly in the selection of sample size and calculating the computed upper deviation rate.

Under the non-statistical sampling method, the sample size is determined based on personal experience and knowledge of the auditor and guidance in audit firm policy. All the major available sample selection methods can be used for selection of sample.

The justification of an increase in sample size, increase or adjustment in the preliminary assessment of control risk

Expert Solution & Answer

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Check out a sample textbook solution

See solution

Answer 4

Question

Chapter 8, Problem 8.30P

a

To determine

Introduction:

Non-statistical sampling test of control: The difference between non-statistical and statistical sampling is mainly in the selection of sample size and calculating the upper deviation rate.

Under the non-statistical sampling method, the sample size is determined based on personal experience and knowledge of the auditor and guidance in audit firm policy. All the major available sample selection methods can be used for selection of sample.

The amount of allowance for sampling risk included in the computed upper deviation rate of 7.8%

b

To determine

Introduction:

Non-statistical sampling test of control: The difference between non-statistical and statistical sampling is mainly in the selection of sample size and calculating the computed upper deviation rate.

Under the non-statistical sampling method, the sample size is determined based on personal experience and knowledge of the auditor and guidance in audit firm policy. All the major available sample selection methods can be used for selection of sample.

The justification of an increase in sample size, increase or adjustment in the preliminary assessment of control risk

Expert Solution & Answer

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Check out a sample textbook solution

See solution

Answer 5

Chapter 8, Problem 8.30P

a

To determine

Introduction:

Non-statistical sampling test of control: The difference between non-statistical and statistical sampling is mainly in the selection of sample size and calculating the upper deviation rate.

Under the non-statistical sampling method, the sample size is determined based on personal experience and knowledge of the auditor and guidance in audit firm policy. All the major available sample selection methods can be used for selection of sample.

The amount of allowance for sampling risk included in the computed upper deviation rate of 7.8%

b

To determine

Introduction:

Non-statistical sampling test of control: The difference between non-statistical and statistical sampling is mainly in the selection of sample size and calculating the computed upper deviation rate.

Under the non-statistical sampling method, the sample size is determined based on personal experience and knowledge of the auditor and guidance in audit firm policy. All the major available sample selection methods can be used for selection of sample.

The justification of an increase in sample size, increase or adjustment in the preliminary assessment of control risk

Answer 6

Chapter 8, Problem 8.30P

a

To determine

Introduction:

Non-statistical sampling test of control: The difference between non-statistical and statistical sampling is mainly in the selection of sample size and calculating the upper deviation rate.

Under the non-statistical sampling method, the sample size is determined based on personal experience and knowledge of the auditor and guidance in audit firm policy. All the major available sample selection methods can be used for selection of sample.

The amount of allowance for sampling risk included in the computed upper deviation rate of 7.8%

Answer 7

Chapter 8, Problem 8.30P

a

To determine

Introduction:

Non-statistical sampling test of control: The difference between non-statistical and statistical sampling is mainly in the selection of sample size and calculating the upper deviation rate.

Under the non-statistical sampling method, the sample size is determined based on personal experience and knowledge of the auditor and guidance in audit firm policy. All the major available sample selection methods can be used for selection of sample.

The amount of allowance for sampling risk included in the computed upper deviation rate of 7.8%

Answer 8

b

To determine

Introduction:

Non-statistical sampling test of control: The difference between non-statistical and statistical sampling is mainly in the selection of sample size and calculating the computed upper deviation rate.

Under the non-statistical sampling method, the sample size is determined based on personal experience and knowledge of the auditor and guidance in audit firm policy. All the major available sample selection methods can be used for selection of sample.

The justification of an increase in sample size, increase or adjustment in the preliminary assessment of control risk

Answer 9

b

To determine

Introduction:

Non-statistical sampling test of control: The difference between non-statistical and statistical sampling is mainly in the selection of sample size and calculating the computed upper deviation rate.

Under the non-statistical sampling method, the sample size is determined based on personal experience and knowledge of the auditor and guidance in audit firm policy. All the major available sample selection methods can be used for selection of sample.

The justification of an increase in sample size, increase or adjustment in the preliminary assessment of control risk

Answer 10

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Answer 11

Expert Solution & Answer

Answer 12

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Answer 13

Ch. 8 - Prob. 8.1RQ Ch. 8 - Prob. 8.2RQ Ch. 8 - Prob. 8.3RQ Ch. 8 - Prob. 8.4RQ Ch. 8 - Prob. 8.5RQ Ch. 8 - Prob. 8.6RQ Ch. 8 - Prob. 8.7RQ Ch. 8 - Prob. 8.8RQ Ch. 8 - Prob. 8.9RQ Ch. 8 - Prob. 8.10RQ

Solution Summary: The author explains the difference between non-statistical and statistical sampling. The sample size is determined based on personal experience and knowledge of the auditor and guidance in audit firm policy.

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Chapter 8 Solutions