Non-Statistical Sampling – NBC Institute

AA – May 2018 – L2 – Q7 – Audit Sampling and Other Selective Testing Procedures

Discusses key factors in designing audit samples and compares statistical versus non-statistical sampling approaches.

Question

Auditors do not normally check 100% of transactions and balances that go into the production of financial statements. Auditors usually carry out a sampling test. ISA 530 distinguishes between statistical and non-statistical sampling approaches.

Required: a. Explain THREE key factors the auditor has to take into consideration in designing a sample. (6 Marks) b. Distinguish between statistical and non-statistical sampling approaches. (4 Marks) c. State TWO advantages and TWO disadvantages of statistical sampling approach. (5 Marks)

Answer

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Tags: Audit Sampling, Non-Statistical Sampling, Sample Design, Sampling Risk, Statistical Sampling
Level: Level 2

Topic: Audit Sampling and Other Selective Testing Procedures
Series: MAY 2018

AA – May 2017 – L2 – Q4a – Audit and Assurance Evidence

Explanation of the difference between statistical and non-statistical sampling, and methods of sample selection.

Question

ISA 530 Audit Sampling states that the objective of the auditor, when using audit sampling, is to provide a reasonable basis for the auditor to draw conclusions about the population from which the sample is selected.

Required:
Explain the difference between statistical sampling and non-statistical sampling and describe FOUR methods of sampling selection.

Answer

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Tags: Audit Sampling, ISA 530, Non-Statistical Sampling, Sampling Methods, Statistical Sampling
Level: Level 2

Topic: Audit and Assurance Evidence
Series: MAY 2017

AA – Nov 2016 – L2 – Q3d – Audit and Assurance Evidence

Explain the differences between statistical and non-statistical sampling in audit engagements. ISA 530 "Audit Sampling" states that the objective of the auditor, when using audit sampling, is to provide a reasonable basis for the auditor to draw conclusions about the population from which the sample is selected. Required: Explain the difference between statistical sampling and non-statistical sampling. (

Question

ISA 530 “Audit Sampling” states that the objective of the auditor, when using audit sampling, is to provide a reasonable basis for the auditor to draw conclusions about the population from which the sample is selected.

Required:
Explain the difference between statistical sampling and non-statistical sampling.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Audit Sampling, Non-Statistical Sampling, Statistical Sampling
Level: Level 2

Topic: Audit and Assurance Evidence
Series: NOV 2016

AA – May 2018 – L2 – Q7 – Audit Sampling and Other Selective Testing Procedures

Discusses key factors in designing audit samples and compares statistical versus non-statistical sampling approaches.

Question

Answer

Find Related Questions by Tags, levels, etc.

Tags: Audit Sampling, Non-Statistical Sampling, Sample Design, Sampling Risk, Statistical Sampling
Level: Level 2

Topic: Audit Sampling and Other Selective Testing Procedures
Series: MAY 2018

AA – May 2017 – L2 – Q4a – Audit and Assurance Evidence

Explanation of the difference between statistical and non-statistical sampling, and methods of sample selection.

Question

Required:
Explain the difference between statistical sampling and non-statistical sampling and describe FOUR methods of sampling selection.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Audit Sampling, ISA 530, Non-Statistical Sampling, Sampling Methods, Statistical Sampling
Level: Level 2

Topic: Audit and Assurance Evidence
Series: MAY 2017

AA – Nov 2016 – L2 – Q3d – Audit and Assurance Evidence

Explain the differences between statistical and non-statistical sampling in audit engagements. ISA 530 "Audit Sampling" states that the objective of the auditor, when using audit sampling, is to provide a reasonable basis for the auditor to draw conclusions about the population from which the sample is selected. Required: Explain the difference between statistical sampling and non-statistical sampling. (

Question

Required:
Explain the difference between statistical sampling and non-statistical sampling.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Audit Sampling, Non-Statistical Sampling, Statistical Sampling
Level: Level 2

Topic: Audit and Assurance Evidence
Series: NOV 2016

Question Tag: Non-Statistical Sampling

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AA – May 2018 – L2 – Q7 – Audit Sampling and Other Selective Testing Procedures

Discusses key factors in designing audit samples and compares statistical versus non-statistical sampling approaches.

AA – May 2017 – L2 – Q4a – Audit and Assurance Evidence

Explanation of the difference between statistical and non-statistical sampling, and methods of sample selection.

AA – Nov 2016 – L2 – Q3d – Audit and Assurance Evidence

AA – May 2018 – L2 – Q7 – Audit Sampling and Other Selective Testing Procedures

Discusses key factors in designing audit samples and compares statistical versus non-statistical sampling approaches.

AA – May 2017 – L2 – Q4a – Audit and Assurance Evidence

Explanation of the difference between statistical and non-statistical sampling, and methods of sample selection.

AA – Nov 2016 – L2 – Q3d – Audit and Assurance Evidence

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Question Tag: Non-Statistical Sampling

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AA – May 2018 – L2 – Q7 – Audit Sampling and Other Selective Testing Procedures

Discusses key factors in designing audit samples and compares statistical versus non-statistical sampling approaches.

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AA – May 2017 – L2 – Q4a – Audit and Assurance Evidence

Explanation of the difference between statistical and non-statistical sampling, and methods of sample selection.

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AA – Nov 2016 – L2 – Q3d – Audit and Assurance Evidence

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AA – May 2018 – L2 – Q7 – Audit Sampling and Other Selective Testing Procedures

Discusses key factors in designing audit samples and compares statistical versus non-statistical sampling approaches.

You're reporting an error for "AA – May 2018 – L2 – Q7 – Audit Sampling and Other Selective Testing Procedures"

AA – May 2017 – L2 – Q4a – Audit and Assurance Evidence

Explanation of the difference between statistical and non-statistical sampling, and methods of sample selection.

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AA – Nov 2016 – L2 – Q3d – Audit and Assurance Evidence

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