True/False
Auditors prefer to use probabilistic sample selection methods for nonstatistical sample applications involving tests of controls and substantive tests of transactions to improve the likelihood of selecting a representative sample.
Correct Answer:
Verified
Correct Answer:
Verified
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
Q31: The auditor focuses on the lower limit
Q33: Auditors base their statistical inferences on sampling
Q34: When selecting a sample, random numbers may
Q35: Which of the following is most correct
Q36: One way to evaluate sampling risk when
Q37: When planning the audit sample, the _