Rong & Wright, CA, of Hong Kong has decided to rely on an audit client’s affecting receivables. Rong & Wright plans to use sampling to obtain substantive evidence concerning the reasonableness of the client’s accounts receivable balances. Rong &

Wright has identified the first few steps in an outline of the sampling plan as follows.

1 Determine the audit objectives of the test.

2 Define the population.

3 Define the sampling unit.

4 Consider the completeness of the population.

5 Identify individually significant items.

Required:

Identify the remaining steps which Rong & Wright should include in the outline of the sampling plan.

[Adapted and reprinted with permission from AICPA. Copyright © 2000 & 1985 by American Institute of Certified Public Accountants.]