3) Audit sampling is used in conjunction with many audit tests, and may be performed...

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3) Audit sampling is used in conjunction with many audit tests, and may be performed on a statistical or nonstatistical basis. a. Define the term audit sampling. b. List and explain two advantages of the use of statistical sampling as compared to nonstatistical sampling. c. Define, and give an example, of what is meant by the term sampling risk

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