True/False
A 95 percent confidence level in statistical sampling means there is more than a 5 percent sampling risk which the auditor needs to address in the sampling design.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q43: To determine if a sample is truly
Q44: In nonstatistical sampling, the calculated sampling error
Q45: Which of the following is a correct
Q46: The auditor finds material weaknesses in internal
Q47: Which of the following statements is not
Q49: There is a(n) _ relationship between acceptable
Q50: One way to control sampling risk is
Q51: A sample in which the characteristics of
Q52: The sampling unit is the physical unit
Q53: Auditors who prefer statistical to nonstatistical sampling