menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Auditing and Assurance
  4. Exam
    Exam 9: Substantive Procedures and the Financial Statement Audit
  5. Question
    The Major Advantage to Using Statistical Techniques Is
Solved

The Major Advantage to Using Statistical Techniques Is

Question 24

Question 24

Multiple Choice

The major advantage to using statistical techniques is:


A) it limits the risk of incorrect acceptance.
B) it relate sample size to audit risk.
C) it limits the risk of inefficiency.
D) it limits sample size to the smallest appropriate size.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q19: Investments are a greater risk to auditors

Q20: FASB codification 850-10:<br>A) requires different treatment for

Q21: When using monetary unit sampling,<br>A) smaller amounts

Q22: You are assigned to audit accounts payable

Q23: Obsolete inventory is an example of inherent

Q25: The lead schedule is the client's working

Q26: The tolerable misstatement affects:<br>A) whether or not

Q27: You are assigned to audit accounts payable

Q28: A lead schedule should include which of

Q29: AU 328 requires the use of fair

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines