1 What are the benefits to the auditor in using statistical sampling? 2. Discuss the factors influencing sample size for (a) tests of control and (b) substantive procedures. 3. What are the main...

1 What are the benefits to the auditor in using statistical sampling?

2. Discuss the factors influencing sample size for (a) tests of control and (b) substantive procedures.

3. What are the main characteristics of the population?

4. What are the features of (a) attribute sampling, and (b) variables sampling? Identify their differences in terms of objectives.

5. What factors would an auditor consider when deciding whether to use statistical or nonstatistical sampling?