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07] What two sample selection methods are generally used with statistical sampling? 08] A sample selection method, used for non-statistical sampling, that selects items in
07] What two sample selection methods are generally used with statistical sampling? 08] A sample selection method, used for non-statistical sampling, that selects items in a sequential/consecutive series is known as ___sample selection. 09] Sampling Risk can lead to "Type I" or "Type II" decision errors by the auditors. Identify the type error for the applicable statements noted below. Type Risk of incorrect rejection Type I can lead to lawsuits by stakeholders Type b Relates to the effectiveness of the audit Type Risk of incorrect acceptance Relates to the efficiency of the audit The auditor conducts more audit testing than necessary Type Type Type Can cause the auditor to not detect a material misstatement 10] Sampling is not generally used when reviewing these type audit evidence
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