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Select the necessary words from the list of possibilities to complete the following statements. Statements...

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Accounting

Select the necessary words from the list of possibilities to complete the following statements. Statements Answer 1. Inherent in the use of sampling is__ risk which is the possibility of selecting a sample that is not representative of the population. sampling 2. When the auditors estimate sampling risk using professional judgment rather than by using the laws of probability, they are said to be using __ampling. 90 (or 90% ) 3. When using __ an item from the population may be selected two or more times for inclusion in the sample. sampling 4. The term ___ refers to the process of dividing a population into relatively homogeneous subgroups. stratification 5 In performing tests of controls, the auditors are primarily concerned

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