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The Auditor May Use a Classical Variables Sampling Approach in Substantive

question 12

True/False

The auditor may use a classical variables sampling approach in substantive testing.


Definitions:

Population

The entire group of individuals or items that is the subject of a statistical study.

Sampling

the process of selecting a subset of individuals from a population to estimate characteristics of the whole population.

Service Department

A division within a company that provides support services to the company's main operations, such as IT, maintenance, or human resources.

Sales Department

The division of a business that is responsible for selling products or services and generating revenue.

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