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Statistical sampling

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What are some benefits of an auditor using statistical sampling? What are some examples of statistical sampling? Does anyone have any experience they are willing to share with the class on statistical sampling?

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This solution provides benefits of statistical sampling and examples of the same.

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Some benefits of an auditor using statitstical sampling are:

1. Statistical sampling provides the auditor to be focused on the areas of the audit that are most needed and required.

2. Statistical sampling allows elements of the audit to be quantified and controlled

3. ...

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