The Choice of Using Audit Sampling Vs

question 50

Multiple Choice

The choice of using audit sampling vs.audit data analytics (ADA) _______.

• A)is typically left up to senior management
• B)is often a matter of what is most effective and efficient in determining whether an assertion is presented fairly, in all material respects
• C)is often a matter of what is most effective and efficient in determining whether a control is presented fairly, in all material respects
• D)should be determined by the client's legal counsel

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Definitions:

Results

The outcomes or conclusions derived from conducting a specific action or experiment.

P < .05

A commonly used criterion in statistical hypothesis testing that indicates there is less than a 5% probability the observed differences or relationship occurred by chance, suggesting the results are statistically significant.

Probability

A measure of the likelihood that an event will occur.

Result

The outcome or consequence of an action, experiment, or process.