CHAPTER 9 Audit Sampling

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CHAPTER 09 - Audit Sampling CHAPTER 9. Audit Sampling Review Questions 9 1 Nonstatistical Sampling is an Audit Sampling technique in which the risk of Sampling error is estimated by the auditors using professional judgment rather than by the laws of probability. Statistical Sampling involves the quantification of the risk of Sampling error through the use of mathematics and laws of probability. 9 2 Sampling risk is the possibility that the auditors will make an erroneous decision based on a sample result. To control Sampling risk the auditors increase the size of their samples.

Questions Requiring Analysis 9–29 a. Relative to nonstatistical sampling, statistical techniques may provide the auditors with the following advantages: (1) Designing efficient samples (that may avoid "overauditing"). (2) Measuring the sufficiency of the evidence obtained (this potentially could be helpful in

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