Population is divided into groups, each being fairly homogenous with respect to value and risk in this kind of sampling

Related MCQs

• Sampling interval is calculated in this kind of sampling
• Extrapolation of sampling results to the population is possible in the case of Judgmental Sampling.
• This method of sampling is also called probability proportionate to size (PPS) sampling
• Which kind of audit sampling is generally used for testing controls?
• If the desired overall assurance from audit is 95%, the inherent risk is 40% and the control risk is 50%, what would be the desired assurance from substantive tests
• These are performed if the audit team identifies a risk that could lead to potential material misstatement and where no reliance can be placed on mitigating controls to address the risk
• The three components of Audit Risk as per the risk model are
• Which method of sampling is expected to produce representative samples?
• Which method of sampling is not expected to produce representative samples?
• A pre-condition for any statistical sampling is the availability of a _______