1. Define audit sampling. Is selecting all of the items within a population appropriately described as a method of sampling? Explain. 2. Why is it so important to specify the audit objective before...

1. Define audit sampling. Is selecting all of the items within a population appropriately described as a method of sampling? Explain.

2. Why is it so important to specify the audit objective before designing a sampling application?

3. Distinguish between sampling risk and non-sampling risk. How can each be reduced?

4. Explain the characteristics of statistical sampling in auditing.

5. What are the principal methods of selecting sample? Explain each of them briefly.