won will save the response Question 4 15 The Following independent cases are a set of situations that may or may not involve sampling A An auditor is examining loan receivables at an international bank. The population of loans contains two strata. One stratum is composed of 35 tours that are cach greater than $4 million. The second stratum contains 560 loans that are less than $2 million. The auditor has decided to test all loans greater than 54 million and 15 lom less than 52 million marks). B. An auditor has haphazardly selected 50 invoices to be examined for proper pricing of the goods purchased by the customert 3 marks The prepaid insurance account is made up of four policies that total 546,000. The auditor has decided that this account is immaterial and decides that no policies will be examined 4 marks) Required: Identify and Discuss which situations involve audit sampling TTT Ariel 3 (12) - E- BI