When Statistical Sampling Methods Are Used by the Client in Determining

question 12

Multiple Choice

When statistical sampling methods are used by the client in determining inventories, professional standards require that the auditor ascertain the following except that the:

• A) sampling plan has statistical validity.
• B) sampling plan has been properly applied.
• C) results in terms of reliability are reasonable.
• D) appropriate tests of transactions have been applied.
• E) results in terms of precision are reasonable.

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Definitions:

Culture

The shared values, norms, traditions, customs, arts, history, folklore, and institutions of a group of people.

Structural Mapping

A technique or process of illustrating or outlining the framework, relationships, or connections between concepts, elements, or systems.

Family Sculpting

A psychotherapy technique where family members position themselves physically in a way that represents emotional relationships and dynamics within the family.

Triangulating

The method of using multiple sources or perspectives to examine and validate information or results.