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Statistical sampling has also been criticized for being a slow, time-consuming process relative to judgmental sampling. Is this assertion valid? An auditor may utilize sampling

  1. Statistical sampling has also been criticized for being a slow, time-consuming process relative to judgmental sampling. Is this assertion valid?
  2. An auditor may utilize sampling for attributes in some tests and sampling for variables in others. How is the decision made as to which of these methods should be applied? Is it appropriate to use a cost-based decision when considering the independent auditors' responsibility?

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