Which One of the Following Statements Is NOT Correct

question 112

Multiple Choice

Which one of the following statements is NOT correct?

• A) It is acceptable for auditors to use nonstatistical sampling methods.
• B) An advantage of using statistical sampling is that the cost/benefit ratio is always positive.
• C) It is acceptable for auditors to use statistical sampling methods.
• D) The primary benefit of statistical sampling methods is the quantification of sampling risk.

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Definitions:

Corporate Presence

Corporate presence refers to the way a company presents itself and interacts with its stakeholders through branding, communications, and social responsibility efforts.

Communication Efforts

The activities undertaken to convey or exchange thoughts, messages, or information effectively.

Social Media

Platforms and technologies that enable users to create, share content, or participate in social networking online.

Diverse Groups

Collections of individuals from varied backgrounds, cultures, experiences, and perspectives, which can enrich interactions and outcomes.