Octavia Snow is auditing revenue for Moore Homes, a home builder in California. Moore Homes usually has between 450 and 600 home construction projects going at any point in time, for between 300 and 500 customers. Moore Homes recognizes revenue on a percentage-of-completion basis. Octavia has to determine the appropriateness of revenue recognition for Moore Homes. Octavia has previously tested controls and assessed control risk as moderate.

Required

What population(s) would be relevant to Octavias substantive procedures for revenue recognition?

Explain the potential implications of sampling risk for the audit of revenue recognition.

What possible nonsampling risks exist in this case?

please do no use old answers, and explain it to me well.