Non-Statistical Sampling. Describe Non-Statistical Sampling for Test of Account Balances and How

question 95

Essay

Non-statistical sampling.
Describe non-statistical sampling for test of account balances and how it is used by the auditor.

---

Definitions:

Stakeholders

Individuals or groups that have an interest in the success and progression of a company, project, or endeavor.

Competitors

Entities or individuals that are in rivalry against others for the same objective, such as a market share or a race to a finish line.

Consumer Groups

Organized groups of individuals who come together to champion the rights and interests of consumers, often by advocating for safer, more effective, or less costly products and services.

Mutual Obligation

A reciprocal agreement where each party has duties or responsibilities towards the other, typically seen in contracts or social relationships.