Question: 1.Explain the basic processes involved in documenting revenue transactions as a part of the audit on sales. 2.What is statistical sampling?What is non-statistical sampling?Explain the

1.Explain the basic processes involved in documenting revenue transactions as a part of the audit on sales.

2.What is statistical sampling?What is non-statistical sampling?Explain the strengths and weaknesses of each approach.

3.Explain non-sampling risk.Give an example and explain how it relates to auditing.

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