Multiple Choice
Which of the following statements best expresses the impact that the performance of audit procedures has on statistical vs.nonstatistical sampling?
A) Audit procedures on the sample item will vary as a result of using either statistical or nonstatistical sampling.
B) The audit procedures will be the same for either statistical or nonstatistical sampling but they must be performed differently for each.
C) Statistical sampling requires quantitative audit procedures, whereas nonstatistical sampling requires judgmental audit procedures.
D) Audit procedures on the sample item will not vary as a result of using either statistical or nonstatistical sampling.
Correct Answer:

Verified
Correct Answer:
Verified
Q27: The relationship of tolerable exception rate (TER)
Q54: When choosing the appropriate acceptable risk of
Q57: When deciding the acceptability of the population,<br>A)
Q61: The acceptable risk of overreliance<br>A) is the
Q90: In testing controls, an overreliance on internal
Q95: In the evaluation of the results of
Q98: If the auditor concludes that the CUER
Q138: Acceptable risk of overreliance is the risk
Q143: What types of exceptions are auditors most
Q150: Place the following steps in their proper