2. What you need to do to understand internal controls (2 marks) 3. What you will do once you have documented your understanding of internal controls (2 marks) Required Explain what you would say to John. Question 7 (5 marks) 1. Describe three types of sample selection methods commonly associated with statistical audit sampling. (3 marks) 2. Explain the difference between sampling with replacement and without replacement. Which method is more common in audit practice? (1 mark) 3. Describe the steps involved in systematic sampling. (1 mark) End of Assignment