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1. What is the difference between variables sampling and attribute sampling (see Messier PowerPoint in footnote 1 below) ? 2. Why is attribute sampling usually

1. What is the difference between variables sampling and attribute sampling (see Messier PowerPoint in footnote 1below)?

2. Why is attribute sampling usually appropriate for internal controls audits?

3. Give an example of how attribute sampling can be used for an internal control audit.

4. Why is variables sampling usually appropriate for substantive tests of financial statements accounts?

5. Give an example of how variables sampling can be sued for substantive tests..

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