The Auditing Standards Indicate That

question 30

Multiple Choice

The auditing standards indicate that

• A)it is preferable to use statistical sampling instead of nonstatistical sampling.
• B)it is preferable to use nonstatistical sampling instead of statistical sampling.
• C)it is equally acceptable to use either statistical or nonstatistical sampling.
• D)nonstatistical sampling should only be used if statistical sampling is too costly to use.

---

Definitions:

FUTA

The Federal Unemployment Tax Act, a United States federal law that funds state workforce agencies and unemployment insurance for workers who have lost their jobs.

Workers' Compensation

Insurance provided by employers covering medical expenses and lost wages for employees injured at work or who contract a work-related illness.

Federal Income

Earnings subject to federal income tax, including wages, salaries, and other forms of compensation, as regulated by the federal government.

Minimize Exposure

Taking steps to limit one's contact with potentially hazardous substances or situations to reduce risk of harm.