RSM423H1- Final Exam Guide - Comprehensive Notes for the exam ( 29 pages long!)
Document Summary
Representative: goal to reach conclusions on both tested items and non-tested items: statistical sampling. Non-representative: goal to reach conclusions only on items tested: monetary unit sampling (mus): most widely used auditing sampling method. Randomization (medical research): taking into 2 groups, one is treatment group and the other is control group: random sampling: generate number san develop correspondence between the numbers. Physical unit sampling is not used in auditing. R=np [n=sample size; p=precision=materiality(mm); clrk cl=(cid:272)o(cid:374)fide(cid:374)(cid:272)e le(cid:448)el, k=# of errors] Planning a sample size: n= clrk /p (cid:894)p = (cid:373)ateriality as rate or proportio(cid:374) (cid:1004)
