The OSS Programmer's Reference (www.4front-tech.com)
states:

*Setting Sampling Parameters

There are three parameters which affect the sound
quality (and therefore memory and bandwidth
requirements) of sampled audio data. These are:

** sample format (sometimes called number of bits)
** number of channels (mono or stereo), and
** sampling rate (speed)

NOTE:

It is important to always set these parameters in the
above order. Setting sampling rate before the number
of channels doesn't work with all devices.