Which of the Following Is an Advantage of Statistical Sampling

question 36

Multiple Choice

Which of the following is an advantage of statistical sampling?

• A)It permits a less rigid approach to unique audit problems.
• B)It uses an evaluation method that allows evaluation of the sample on factors other than the sample evidence.
• C)It permits auditors to use a computer to select a random sample.
• D)It requires auditors to be exact in their judgments on risk and materiality.

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Definitions:

Maximizing

A decision-making strategy which seeks the best possible outcome or solution.

Concentrated Practice

A focused method of improving skills by repeatedly performing tasks or activities with intentional efforts to correct errors and refine performance.

Productivity

The measure of efficiency in which goods or services are produced, often evaluated in terms of output per unit of input.

Transformational Grammar

A theory of grammar that considers the syntactic structures of language as being generated by a set of rules.