Auditing & Assurance Services (Auditing and Assurance Services)
7th Edition
ISBN: 9781259573286
Author: Timothy J Louwers, Allen Blay, David Sinason Associate Professor, Jerry R Strawser, Jay C. Thibodeau Associate Professor
Publisher: McGraw-Hill Education
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Question
Chapter GC, Problem 1RC
To determine
List the differences between nonstatistical sampling and statistical sampling.
Expert Solution & Answer
Explanation of Solution
Differences between nonstatistical sampling and statistical sampling are as follows:
S.No. | Basis of Differences | Nonstatistical sampling | Statistical sampling |
1. | Selection of sample | Professional judgments are used for sample selection. | Samples are selected at random. |
2. | Use of the technique | This technique is most suitable when the population members are dissimilar. | This technique is used when population is in large number and homogenous. |
3. | Knowledge | This sampling does not need any knowledge of statistical methods. | This sampling needs knowledge of statistical methods. |
4. | Evaluation | Samples are evaluated qualitatively. | Samples are evaluated quantitatively. |
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Chapter GC Solutions
Auditing & Assurance Services (Auditing and Assurance Services)
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