What are the risks of using a sample? How do sampling methods address those risks? How/Why do you think the sampling methods increase the likelihood of obtaining a representative sample? Are there advantages or disadvantages of selecting statistical vs. nonstatistical sampling techniques? Which method do you think auditors should use? Why?

Answer rating: 100% (QA)

Risks of Using a Sample Using a sample instead of the entire population all data points carries several inherent risks Sampling error The sample may not perfectly reflect the characteristics of the en... View the full answer