CAP CLASSES

The size of sample and sampling risk are-

Sampling risk-

The kind of relationship between tolerable error and sample size is-

Tolerable error is in Population that auditor is willing to for a given sample size.

Size of sample is affected by-

In interval sampling, interval may be based on

In stratified random sampling

Statement (1): Simple random sampling is suitable for homogenous population. Statement (2): Stratified random sampling should be used for homogenous population as well as for heterogeneous population

Simple random sample can be selected by -

In random sample, each item of population

Statement (1): In judgmental sampling, normally year end transactions are checked in detail to ensure whether cut off procedures are adequate or not. Statement (2): Statistical sampling may be complex to operate.

SA- relates to audit sampling

Judgmental sampling is

Judgmental sampling is-

Statement (1): In any audit, it is obligatory for the auditor to apply test checking or sampling. Statement (2): There may be some items where test checking may not be suitable.

The form, content and extent of audit documentation depends upon

After assembly of audit file, the auditor -