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 nonsampling risk.
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.