Which One of the Following Accounting Constraints Supports the Concept

question 90

Multiple Choice

Which one of the following accounting constraints supports the concept of audit sampling?

• A)Conservatism.
• B)Materiality.
• C)Cost-benefit.
• D)Industry practice.

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Definitions:

Statistical Procedures

A set of methods used to collect, analyze, interpret, and present data in a meaningful way.

Research Methods

Systematic techniques used in scientific studies to collect, analyze, and interpret data.

Collecting Data

The process of gathering and measuring information on variables of interest in a systematic fashion.

Direct Observation

The method of gathering data by watching subjects in their natural environment without intervention or manipulation.