Discuss the reasons why you would USE NON-STATISTICAL SAMPLING AUDIT TEST, or not use, this type of testing for account transactions whose values range from very material to immaterial amounts. Describe why you believe non-statistical sampling is best for material vs immaterial amount testing, or vice versa.

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Nonstatistical sampling audit tests are employed for various reasons and the decision to use them depends on factors such as the nature of the audit the materiality of the transactions and the resourc... View the full answer