Which of the Following Is Not True Regarding Sampling in Auditing

question 99

Multiple Choice

Which of the following is not true regarding sampling in auditing?

• A)Proper sampling methods are defensible in court
• B)Sampling gives more accurate results than using the entire population
• C)Sampling methods allow you to determine the sample size in advance
• D)Sampling allows auditors to evaluate samples taken by different individuals

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Definitions:

Standard Deviation

A statistic that measures the dispersion of dataset relative to its mean and is calculated as the square root of the variance.

Covariance

A measure that indicates the extent to which two securities move in the same or opposite directions.

Stock Selection Return

The return achieved by an investor that can be attributed to the specific stocks chosen for investment, rather than the overall market movement.

Cross Border Fund

An investment fund that seeks to invest in assets located in countries other than where the fund is domiciled.