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Question: Drop Down Options: Select the necessary words from the list of possibilities to complete the following statements. Statements Answer 1 The term refers to

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Select the necessary words from the list of possibilities to complete the following statements. Statements Answer 1 The term refers to the process of dividing a population into relatively homogeneous subgroups. In performing tests of controls, the auditors are primarily concerned with the critical aspect of sampling risk known as the 3 4. If the variability of a population increases, as measured by the standard deviation, the required sample size for the population will When the auditors estimate sampling risk using professional judgment rather than by using the laws of probability, they are said to be using sampling. When using an item from the population may be selected two or more times for inclusion in the sample allowance for sampling risk analytical procedures attributes sampling increase nonstatistical risk of assessing control risk too low sampling sampling with replacement stratification substantive procedures (tests) tolerable deviation rate

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