a.
Identify whether Person C can use non-statistical sampling in the examination of Company V accounts receivable, under generally accepted auditing standards.
b.
State the advantages of using statistical sampling in the audit
c.
Identify the risks related with sampling, and state the type of losses exposed to Person C.
d.
State the manner in which Person C establishes the appropriate level of the risk of incorrect acceptance.
e.
State whether Person C is permitted to specify the certain items examined, or whether all items must be randomly selected.
f.
State the manner in which Person C can increase the likelihood that the items in the sample are representative of the population.
g.
State whether any other factors are important for Person C to consider with respect to the misstatements.
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Auditing & Assurance Services (Auditing and Assurance Services)
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