A Primary Difference in Comparing the Resulting Misstatements Analyzed After

Multiple Choice

A primary difference in comparing the resulting misstatements analyzed after using statistical methods compared to those using non-statistical methods is that

A) statistical methods determine the most likely misstatement while nonstatistical methods determine misstatements by projecting the misstatement found in the sample back to the population.
B) statistical methods determine misstatements by projecting the misstatement found in the sample back to the population while nonstatistical methods determine the most likely misstatement.
C) statistical methods take a multiple of the estimated misstatement while nonstatistical methods use precision to determine the upper limit.
D) statistical methods ignore any sampling error as the probabilities have compensated for them while nonstatistical methods must utilize the sampling error in the projection of the upper limit.