Statements or examples that relate to audit sampling are listed below. Match the statements 1 through 5 to the term (A through D) that it best describes and place the identifying letter in the space provided.
A: Statistical sampling
B: Non-statistical sampling
C: Sampling risk
D: Non-sampling risk
____ 1. Jones CPA selected a sample and evaluated the results of her sample using the laws of probability.
____ 2. Wilson CPA checked to see if there were any signatures in the credit approval box on a sample of sales orders rather than looking only for authorized signatures.
____ 3. Based on a statistical sample, Jackson CPA concluded that the client's control system was working on an acceptable basis when in fact the population deviation rate was unacceptable.
____ 4. For his sample Barnum CPA selected all invoices over $1,000 and all invoices recorded on the 15^th of each month.
____ 5. When a client could not produce an invoice for a sample selected by the auditor, the auditor accepted the client's assurance that the invoice contained the appropriate approval.

Question

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The Answer of Statements or examples that relate to audit sampling are listed below. Match the statements 1 through 5 to the term (A through D) that it best describes and place the identifying letter in the space provided. A: Statistical sampling B: Non-statistical sampling C: Sampling risk D: Non-sampling risk ____ 1. Jones CPA selected a sample and evaluated the results of her sample using the laws of probability. ____ 2. Wilson CPA checked to see if there were any signatures in the credit approval box on a sample of sales orders rather than looking only for authorized signatures. ____ 3. Based on a statistical sample, Jackson CPA concluded that the client's control system was working on an acceptable basis when in fact the population deviation rate was unacceptable. ____ 4. For his sample Barnum CPA selected all invoices over $1,000 and all invoices recorded on the 15^th of each month. ____ 5. When a client could not produce an invoice for a sample selected by the auditor, the auditor accepted the client's assurance that the invoice contained the appropriate approval.

Statements or Examples That Relate to Audit Sampling Are Listed