Auditors use both statistical and nonstatistical sampling methods when selecting test transactions. In your own wrds, explain when you would use each method and describe the impact of the significant events or transactions on the financial statements. Describe the challenge of using nonstatistical sampling methods. Conduct research to find a relevant business scenario in which there have been challenges to audit results based on sampling methods and share your results. Please provide link

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Auditors use both statistical and nonstatistical sampling methods when selecting test transactions Statistical sampling methods involve the use of pro... View the full answer