Multiple Choice
The advantage of systematic sample selection is that
A) it is easy to use.
B) there is limited possibility of it being biased.
C) it is unnecessary to determine if the population is arranged randomly.
D) it automatically selects items material to the financial statements.
Correct Answer:
Verified
Correct Answer:
Verified
Q20: In systematic sample selection, the population size
Q21: Describe the differences between statistical and nonstatistical
Q22: In practice, auditors do not know whether
Q23: When auditors wish to evaluate a sample
Q24: The upper limit of the probable population
Q26: List the three phases in audit sampling
Q27: The relationship of tolerable exception rate (TER)
Q28: Statistical sampling eliminates any professional judgment for
Q29: When a population is divided into subpopulations,
Q30: A representative sample means the sampled items