Multiple Choice
Which of the following statements regarding statistical sampling is ?
A) it is easier to use than non-statistical sampling
B) it involves haphazard selection
C) it is generally used for low risk accounts
D) it involves random selection
Correct Answer:
Verified
Correct Answer:
Verified
Q7: Sampling risk is the risk that the
Q30: An increase in the number of sampling
Q32: An advantage of statistical sampling is that
Q35: Random selection involves<br>A) dividing a population into
Q36: When testing controls, the tolerable error is<br>A)
Q51: Control risk is the risk that:<br>A) an
Q57: Substantive audit procedures include<br>A) detailed tests of
Q57: When evaluating sample test results, which of
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Q59: When control risk is high the audit