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Testing the balances and Testing of Control and Substantive Tests. This where Auditing meets Statistics
Testing the balances and Testing of Control and Substantive Tests. This where Auditing meets Statistics More Related ContentSimilar to Audit Sampling for Tests of Details of BalancesFeaturedRelated BooksFree with a 30 day trial from Scribd See all Related AudiobooksFree with a 30 day trial from Scribd See all Audit Sampling for Tests of Details of Balances
Editor's Notes
What is the difference between statistical and Nonstatistical sampling?Statistical versus non-statistical sampling
Statistical sampling allows each sampling unit to stand an equal chance of selection. The use of non-statistical sampling in audit sampling essentially removes this probability theory and is wholly dependent on the auditor's judgment.
What is the purpose of using nonThe purpose of using nonstatistical sampling for tests of controls and substantive tests of transactions is to estimate the proportion of items in a population containing a characteristic or attribute of interest.
Which is more effective statistical sampling or nonNon-statistical sampling techniques are used more frequently than statistical sampling techniques for the evaluation of the sample. In addition, both techniques are regarded as important for the determination of the sample size and the selection of the sample items.
What is nonNon-statistical sampling is the selection of a test group that is based on the examiner's judgment, rather than a formal statistical method. For example, an examiner could use his own judgment to determine one or more of the following: The sample size. The items selected for the test group.
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