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allowance for sampling risk

analytical procedures

attributes sampling

increase

nonstatistical

risk of assessing control risk too low

sampling

sampling with replacement

stratification

substatntive procedures (tests)

tolerable deviation rate

Select the necessary words from the list of possibilities to complete the following statements. Statements Answer Inherent in the use of sampling is representative of the population When the auditors estimate sampling risk using professional judgment rather than by using the laws of probability, they are said to be using When using sample. risk which is the possibility of selecting a sample that is not 2. sampling an item from the population may be selected two or more times for inclusion in the 4. The term refers to the process of dividing a population into relatively homogeneous subgroups In performing tests of controls, the auditors are primarily concerned with the critical aspect of sampling risk known as the 6To use attributes sampling tables, the auditors must stipulate the desired risk of assessing control risk too low the expected deviation rate in the population, and the desired Adding and subtracting the the true value of the population is likely to lie If the variability of a population increases, as measured by the standard deviation, the required sample size for the population will to and from the projected misstatement creates an interval within which 9. Tests of controls typically use 10. Variables sampling plans are typically used for plans. and the other is the allowable risk of Detection risk may be separated into two risks, one relating to tests of details

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