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  3. (1) define attribute sampling and discuss why test

(1) Define attribute sampling and discuss why tests of controls tend to be attribute samples. (2) define...

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Accounting

(1) Define attribute sampling and discuss why tests of controlstend to be attribute samples.

(2) define sampling risk and non-sampling risk as well asdifferentiate between these concepts.

(3) define each of the following parameters used in calculatingsample size and explain how changes in each parameter affect samplesize.

a. Confidence level

b. Tolerable deviation rate

c. Expected deviation rate

(4) What are some factors that auditors use in setting theirconfidence level?

Answer & Explanation Solved by verified expert
4.2 Ratings (758 Votes)
And 2 Sampling risk is the risk that the auditors conclusion based on sample might be different from the conclusion they would reach if they examined every item in the entire    See Answer
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