Question: Describe the main non-statistical sampling methods. What are the advantages of non-statistical sampling?

Describe the main non-statistical sampling methods. What are the advantages of non-statistical sampling?

Step by Step Solution

★★★★★

3.33 Rating (171 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

Nonstatistical sampling does not involve random selection and probability theory to eval... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Document Format (1 attachment)

Word file Icon

787-B-A-A-P (1805).docx

120 KBs Word File

Students Have Also Explored These Related Auditing Questions!

Q:

You and a friend are deciding whether to pack heavy clothing for a trip to the northeastern United States. You have decided that you would need heavy clothing only if the temperature is expected to...

Q:

What are the three main phases of audit sampling? Are these phases the same for statistical and nonstatistical sampling methods?

Q:

Define classical variables sampling and non statistical sampling. Are these methods viable options to monetary unit sampling?

Q:

Questlon 1(2+4+3+4=13 marks ) 1. What is meant by the term audit expectation gap? (2 marks) 2. Identify and describe the benefits and limitations of audits of financial statements ( 4 marks) 3....

Q:

Auditors employ both statistical and non-statistical sampling methods in their audit procedures, each serving distinct purposes depending on the circumstances. Statistical sampling is typically used...

Q:

Please help me answer each part of this question in the following format: Non-statistical Problem You work for a top-notch audit firm, Foreman \& Griswold L.LP. You have been assigned to audit...

Q:

b. Drnientarl Micctatement: Module 4 Hands on Case Instructions: Using the Module 4 Template provided, solve the two following problems. In order to receive partial credit, use formulas wherever...

Q:

ACT 5743 Quiz 2 Statistical Sampling An advantage of using statistical over non-statistical sampling methods in tests of controls is that the statistical methods A. Afford greater assurance than a...

Q:

2 (1 point) The final step in the evaluation of the audit sample results is the decision to determine the acceptability of the population. Which of the following statements is false? This step is...

Q:

A. Explain the major differences between statistical and non-statistical sampling and provide TWO (2) advantages of statistical over non-statistical samping? (6 marks) B. Distinguish between a...

Q:

The following forecasts relate to a single-product business for a period: Variable costs $38,640 Fixed costs $39,975 Sales revenue $84,000 Sales unit 6,000 What sales revenue is required to achieve a...

Q:

Given a database of the results of an election, find the number of seats won by each party. There are some rules to going about this: There are many constituencies in a state and many candidates who...

Q:

Who pays del credere commission ? Why is commission paid ?

Q:

Analyse possible reasons why ETG is expanding its production facilities outside Europe. [8]

Q:

The working papers for a client contain both a permanent and a current file. The difference between the two files is that: (a) The permanent file is kept by the audit partner in charge and cannot be...

Q:

Review the examples of working papers provided in the chapter. List six things that should be included in every working paper.

Q:

State the assertion that is violated in the following sentences: (a) The client fails to accrue management bonuses in the current year. (b) The client does not adjust its inventory to the lower of...

Q:

On the balance sheet of Bearcat Inc., you notice Common Stock ( $ 0 . 1 0 par ) of $ 2 4 8 , 6 5 5 , Capital Surplus of $ 2 8 2 , 6 2 1 , and Retained Earnings of $ 2 1 0 , 5 3 4 . If Bearcat Inc....

Q:

Your broker offers to sell you some shares of Bahnsen & Co. common stock that paid a dividend of $2.75 yesterday. Bahnsen's dividend is expected to grow at 5% per year for the next 3 years. If you...

Q:

What happens to the premiums for yearly renewable term insurance as an insured gets older? A) They increase at an increasing rate. B) They increase at a decreasing rate. C) They decrease at a...