For each of the following independent statements, state whether you agree or disagree with the statement and explain your answer. Required

1. The tolerable deviation rate varies inversely with sample size.

2. Inspection of signatures on time cards is an example of attribute sampling.

3. Sampling error occurs when an auditor incorrectly interprets the results of the sample.

4. Statistical and non statistical sampling allow the auditor to quantify sampling risk.

5. It is the auditor's responsibilities to ensure that an external expert engaged to support that audited

   financial statements has the appropriate qualifications and reputation within their field of expertise.