Question: Refer to Exhibit and compare and contrast statistical sampling and
Refer to Exhibit and compare and contrast statistical sampling and nonstatistical sampling on the following dimensions: sample size determination, sample selection, evaluation, costs, andbenefits.
Answer to relevant QuestionsDefine the terms attributes sampling and attribute. Give an example of an attribute of interest to an auditor. Give an example of a control failure.Practice evaluating the results of attributes sampling by using the tables in Exhibit 8.6 and the following combinations of inputs.Assume the tolerable deviation rate is 12%. For each item labeleda. through f. below, state ...Practice calculating the sample size in a MUS sample using Exhibit with the following combinations ofinputs.The following are typical tasks performed by GAS. For each task, provide an example of how GAS could be used to accomplish that task.a. Analyze a fileb. Select transactions based on logical identifiersc. Select samplesd. ...What are the difficulties that the auditor may experience in using MUS?
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