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. Nonsampling risk is the risk of erroneous conclusions by the auditors based on any factor other then Sampling .

between documents to be selected. 9–6 Sampling without replacement means that once an item is drawn for inclusion in a sample, it is not replaced into the population prior to drawing the remaining items. Therefore, one item cannot be included more than once in a given sample. Sampling with replacement means that selected items

  Selected