Problem
• Why must an auditor use sampling? What are the benefits of using sampling in the audit of the financial statements?
• "When it comes to audit sampling, both statistical and non-statistical sampling are equally effective." Defend or refute the preceding statement.
• Explain how revenue recognition is important to the audit of the revenue process.
• Explain the importance of observing physical inventory during an audit.
The response must include a reference list. One-inch margins, double-space, Using Times New Roman 12 pnt font and APA style of writing and citations.