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One of the requirements of using statistical sampling is that the auditor control the desired exposure to sampling risk in determining the sample size. REQUIRED:

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One of the requirements of using statistical sampling is that the auditor control the desired exposure to sampling risk in determining the sample size. REQUIRED: () What aspect of sampling risk is of the greatest concern to the auditor? (2) How does the auditor control exposure to sampling risk in determining (3) What other factors are considered by the auditor in determining sample size? 4) How do each of the factors in (3) above affect sample size? Discuss the Explain. sample size? How are these parameters established by the auditor? effect by assuming that each of the factors discussed in (3) increase and what the resulting effect would be on sample size

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