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If an Auditor Used Nonstatistical Sampling Instead of Statistical Sampling

Question 353

Multiple Choice

If an auditor used nonstatistical sampling instead of statistical sampling to estimate the value of inventory, which of the following would be true?


A) The confidence level could not be quantified.
B) The precision would be larger.
C) The projected value of inventory would be less reliable.
D) The risk of incorrect acceptance would be higher.

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