What is stratification? What are the benefits to the audit team of stratifying the sample?

. What is the cycle approach to auditing and what are the advantages of dividing the audit into different cycles?

Which of the following is not a method that auditors use to control their exposure to sampling risk during the examination?a. Determining an appropriate sample size.b. Performing the appropriate audit procedure.c. Ensuring that all items have an equal opportunity to be selected.d. Evaluating sample results using a mathematical basis

What is the sample rate of deviation? How does the audit team calculate it?

The two types of sampling risks auditors face include the risk of incorrect acceptance and the risk of incorrect rejection. What do each of these mean and how will each impact the audit process and the audit results?

Explain how judgement is used in statistical and non-statistical sampling in an audit service

The two types of sampling risks that auditors face include the risk of incorrect acceptance and the risk of incorrect rejection. What do each of these mean and how will each impact the audit process and the audit results? Which is considered the more important risk?

What is Discovery Sampling?

When selecting a variables sampling approach, when should the audit team use MUS and when should it use classical variables sampling?

What is check kiting? How might auditors detect kiting?