Answer:
Statistical Sampling: Statistical Sampling
refers is an approach to sampling where the sample has been
selected using probability theory & other mathematical terms.
Under the statistical sampling, the sample is chosen randomly using
the probability theory
Non-Statistical Sampling: Under non-statistical
sampling sample, size & composition are determined on the basis
of personal experience & knowledge of the auditor. it does not
include probability theory for the selection of samples.
Difference between statistical sampling and
non-statistical sampling:
- Statistical sampling uses the probability theory in the
selection of samples while non-statistical sampling is based on the
knowledge & experience of the auditor.
- Statistical sampling is a scientific method & hence sample
selection is more objective & thereby more defensive for the
auditor while in case of non-statistical sampling it may be not
more defensive as it may be biased as in this approach personnel
judgment of auditor is involved.
- Statistical sampling provides a more reliable sample in
comparison to non-statistical sampling.
- Statistical sampling is useful when the concerned person have
the knowledge of the probability & other mathematical terms
while in case of non-statistical theory knowledge of probability
theory & other mathematical terms may not be required.
- Statistical sampling is more useful where a large number of
transactions are required to be tested while non-statistical
sampling is useful where a large number of transaction not required
to be tested