Which of the Following Is a Factor That the Auditor

question 84

Multiple Choice

Which of the following is a factor that the auditor should consider when choosing between nonstatistical and statistical sampling?

• A)Whether the audit staff is adequately trained to use statistical sampling.
• B)Whether the population lends itself to a random-based selection method.
• C)Whether the auditor wants a statistical measure of the risk of drawing a wrong conclusion.
• D)All of the above.

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Definitions:

Specially Manufacture

Refers to the creation or production of goods tailored to a specific buyer's requirements, often involving custom designs or specifications.

No Market

This term indicates a situation where there are no buyers willing to purchase something being offered for sale, often used in the context of stocks or other securities.

Insolvent

The financial state of being unable to pay debts when they are due.

Stop Delivery

A request made to halt the transportation or delivery of goods or mail.