i. It should be representative of the population. The sample should be representative of the differing items in the whole population.
ii. The size of the sample should be appropriate given the various risk considerations i.e. where the expected error is high, a large sample is chosen.
iii. Unpredictable. The client should not be able to know in advance which items will be examined.
Wilfykil answered the question on April 11, 2019 at 14:08
- Which are the factors considered before adopting statistical sampling?(Solved)
Which are the factors considered before adopting statistical sampling?
Date posted: April 11, 2019. Answers (1)
- Which are the disadvantages of statistical sampling?(Solved)
Which are the disadvantages of statistical sampling?
Date posted: April 11, 2019. Answers (1)
- Which are the advantages of statistical sampling?(Solved)
Which are the advantages of statistical sampling?
Date posted: April 11, 2019. Answers (1)
- Give the disadvantages of judgmental sampling(Solved)
Give the disadvantages of judgmental sampling
Date posted: April 11, 2019. Answers (1)
- Give advantages of judgmental sampling(Solved)
Give advantages of judgmental sampling
Date posted: April 11, 2019. Answers (1)
- Which are the Main approaches to audit sampling?(Solved)
Which are the Main approaches to audit sampling?
Date posted: April 11, 2019. Answers (1)
- Which are the stages in audit sampling?(Solved)
Which are the stages in audit sampling?
Date posted: April 11, 2019. Answers (1)
- Give cases where sampling is inappropriate(Solved)
Give cases where sampling is inappropriate
Date posted: April 11, 2019. Answers (1)
- Give the reasons for audit sampling(Solved)
Give the reasons for audit sampling
Date posted: April 11, 2019. Answers (1)
- What does the process of performing analytical procedures consist of?(Solved)
What does the process of performing analytical procedures consist of?
Date posted: April 11, 2019. Answers (1)
- Which are the methods of obtaining audit evidence?(Solved)
Which are the methods of obtaining audit evidence?
Date posted: April 11, 2019. Answers (1)
- Explain on how an auditor can use assertions in generating audit evidence?(Solved)
Explain on how an auditor can use assertions in generating audit evidence?
Date posted: April 11, 2019. Answers (1)
- Which are the qualities of audit evidence?(Solved)
Which are the qualities of audit evidence?
Date posted: April 11, 2019. Answers (1)
- How does internal control system help prevent and detect fraud and error?(Solved)
How does internal control system help prevent and detect fraud and error?
Date posted: April 11, 2019. Answers (1)
- Give the procedures to be applied as general leads to where fraud or error may have occurred.(Solved)
Give the procedures to be applied as general leads to where fraud or error may have occurred.
Date posted: April 11, 2019. Answers (1)
- Which are the common types of fraud?(Solved)
Which are the common types of fraud?
Date posted: April 11, 2019. Answers (1)
- What will the extent of reliance on internal control system by the auditor depend on?(Solved)
What will the extent of reliance on internal control system by the auditor depend on?
Date posted: April 11, 2019. Answers (1)
- What actions are taken when internal control system is identified as weak?(Solved)
What actions are taken when internal control system is identified as weak?
Date posted: April 11, 2019. Answers (1)
- What does tests of control include?(Solved)
What does tests of control include?
Date posted: April 11, 2019. Answers (1)
- Which are the control procedures in auditing?(Solved)
Which are the control procedures in auditing?
Date posted: April 11, 2019. Answers (1)