The Most Common Objective of PPS Sampling Plans Is To

question 34

Multiple Choice

The most common objective of PPS sampling plans is to:

• A) determine the rate of deviation from a control procedure.
• B) estimate the true dollar value in an unrecorded account.
• C) establish that the rate of deviation from a control procedure does not exceed the established tolerable rate.
• D) independently estimate the value of a class of transactions.
• E) obtain evidence that a recorded account balance is not materially misstated.

---

Definitions:

Independently

The act of operating, making decisions, or acting without reliance on others or external influences.

Task Structures

The way tasks are organized, designed, and executed within a work environment, often influencing efficiency and productivity.

Dynamic Environments

Situations or contexts that are constantly changing, requiring organizations and individuals to adapt quickly.

Complex Adaptive Systems

Interact and adapt with their environments to survive.