Statistical Sampling and Non-Statistical Sampling-Probabilistic Selection |CPA Exam

[@daviddonnell3387]

I purchased my CPA material from Wiley but don't even use them anymore. Your explanations are much better!

[@AccountingLectures]

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[@magdymagidy3322]

ty for sure u are better than my doctor in ma college

[@AccountingLectures]

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[@karanivelez8672]

Love how easy he explain this, thanks a lot!

[@AccountingLectures]

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[@mohamadyusufadam8987]

Excellent Clip, speed is perfect and great energy

[@AccountingLectures]

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[@Lohanwarrior76]

I believe you made an error around 15:31. Your interval between invoice numbers should be 19 and not 10. The 10th (random) number (660+10=670) would just be your starting point to which you add 19 in order to identify the next invoice # in the sequence. e.g. 670, 689, 708, etc. Otherwise (3002-650= 2352) if you divide 2352 by 10 you get 235.2 sample units and not the roughly 120 unit desired sample size.

[@vickydeshaval97]

Yes. correct

[@ND559]

The textbook is poorly written. My professor is useless. You are awesome!!!

[@AccountingLectures]

YOu are welcome. Check my website for more: ✔farhatlectures.com/ ✔Instagram: @farhatlectures ✔ Linkedin: www.linkedin.com/in/professorfarhat/ ✔Facebook:@accountinglectures ✔Twitter: @farhatlectures 🎤Email: [e-mail]

[@sherkhan8135]

thanks bro

[@AccountingLectures]

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[@sherkhan8135]

@@AccountingLectures sure

[@722guy]

Which of these would effect the decision to choose statistical or non-statistical sampling? -The decision affects the test procedures performed -The auditor’s response to errors detected will be influenced -The competence of the evidence obtained is greater with statistical sampling -Nonstatistical sampling may be more cost effective

[@emiliomorales5670]

The competence of the evidence obtained is greater with statistical sampling