Question: 1. What is sampling risk? 2. What is non-sampling risk? 3. describe the difference between a systematic sample and a block sample (to receive full

1. What is sampling risk?

2. What is non-sampling risk?

3. describe the difference between a systematic sample and a block sample (to receive full credit your answer must include more than just including which sample is probabilistic and which is nonprobabilistic).

4. provide an example of a random sample and a block sample. Which sample allows for the auditor to quantify (measure) sampling risk?

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