Solved

One of the Purposes of Using Statistical Sampling Is to Quantify

Question 31

Multiple Choice

One of the purposes of using statistical sampling is to quantify sampling risk.For which of the following audit tests would sampling risk be zero?


A) The auditor used monetary unit sampling to select a sample of payroll payments.
B) The auditor used attribute sampling to select a sample of shipping documents.
C) The auditor sent empty (zero balance) external confirmations to suppliers with large dollar balances.
D) The auditor sent external confirmations to all financial institutions used by the client.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions