Harvey Jones, CPA, Uses Statistical Sampling to Test Control Procedures

Multiple Choice

Harvey Jones, CPA, uses statistical sampling to test control procedures. What is a benefit of using statistical sampling?

A) It provides a means of mathematically measuring the sampling risk that result from examining only a part of the data.
B) It eliminates the use of judgment required of Jones because the AICPA has established numerical criteria for this type of testing.
C) It increases Jones' knowledge of the entity's prescribed procedures and their limitations.
D) It is required by generally accepted auditing standards.