Question
1- Describe two examples of situations when an auditor may use Stratified Random Sampling. 2- Give an example describing the different strata for these two
1- Describe two examples of situations when an auditor may use Stratified Random Sampling.
2- Give an example describing the different strata for these two examples situations
3- Explain how the sample selection would differ between your different Strata for these two examples situations. (Refer to how much of the population you would include in your sample)
4- Describe how sample selection (how much of the population you would include in your sample) would provide better effectiveness/accuracy or better economy for your client for these two examples situations.
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