Multiple Choice
Which of the following is not true with respect to the effect of the population standard deviation in a classical variables sampling application?
A) The standard deviation can be determined based on experience from prior audits or a small sample taken during the current audit.
B) The standard deviation has a direct relationship with sample size.
C) When the standard deviation is larger,the audit team is more likely to select a representative sample.
D) The standard deviation represents the variability of the population being examined.
Correct Answer:

Verified
Correct Answer:
Verified
Q64: In a classical variables sampling application,if the
Q65: In which of the following situations would
Q66: Which of the following components of the
Q67: Under monetary unit sampling,the sampling interval is
Q68: How does the auditor establish the level
Q70: In a variables sampling application,which of the
Q71: Which of the following is not an
Q72: The amount by which a projected misstatement
Q73: Which of the following statements is not
Q74: Jones,CPA,used a classical variables sampling application to