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For each of the following statements, indicate whether it is more closely related to attribute sampling or variables sampling by using the letter A (attribute)
For each of the following statements, indicate whether it is more closely related to attribute sampling or variables sampling by using the letter A (attribute) and V (variables). (8 points) ___ 1. The population size affects the sample size. ___ 2. Sampling risks include the risk of incorrect acceptance and risk of incorrect rejection. ___ 3. The population variability affects the sample size. ___ 4. The auditor's sample would include transactions or components comprising the account balance. ___ 5. Sampling risks include the risk of assessing control risk too high and the risk of assessing control risk too low. ___ 6. The auditor's sample would include potential applications of control policies and procedures. ___ 7. This type of sampling is influenced by the auditor's acceptable level of detection risk. ___ 8. Used to allow the auditor to assess risk of material misstatement
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