Discuss the importance of selecting a sample that may be considered representative of the entire population

Discuss the importance of selecting a sample that may be considered representative of the entire population.

Consider these questions: What is the first step in the process of selecting a sample?

Are there occasions where the sample selected does not represent the entire population?
How auditors evaluate risk in relation to sample size. Do risks change depending on the size of the sample?

What happens when auditors find misstatements that are above the expected deviation rate?

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Discuss the importance of selecting a sample that may be considered representative of the entire population. Sample is a part of population which should be collected through some scientific technique. A sample is better than the population considering va

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