is the selection and evaluation of less than 100% of a population to be tested during an audit. sample should yield the same conclusions as if the audit procedures where applied to the entire (100%) 02] The evaluation of alan_ population to be tested. sampling techniques are less effective than b) ___ sampling techniques. 03] There are two primary approaches to sampling. a) __ (a) 04] The element of uncertainty that enters into an auditor's audit conclusion due to sampling is known as 05] _ _ risk is the risk that the auditor reaches an incorrect audit conclusion due to reasons not related to sampling risk. 06] Identify the type statistical sampling applicable to the sampling statements noted below. Sampling Statement a. Most frequently used to determine if account balances are materially misstated. Type Statistical Sampling b. Most commonly used to audit internal controls over financial reporting. c. Estimates the proportion of a population that possesses a "specified characteristic". d. Estimates the amount of misstatement in a class of transactions or an account balance