An Advantage of Statistical Sampling Over Nonstatistical Sampling Is That

Multiple Choice

An advantage of statistical sampling over nonstatistical sampling is that statistical sampling helps an auditor to

A) eliminate the risk of nonsampling error.
B) reduce the level of audit risk and overall materiality to a relatively low level.
C) measure the sufficiency of the evidence gathered.
D) minimize the failure to detect misstatements and irregularities.