Statistical Sampling Is Less Commonly Used for the Audit of Accounts

question 114

Multiple Choice

Statistical sampling is less commonly used for the audit of accounts payable than for accounts receivable because it is more difficult to:

• A) mathematically calculate and interpret the results.
• B) determine the tolerable exception rate.
• C) define the population.
• D) decide on attributes or variables sampling.

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Definitions:

Avoidance-Avoidance Conflict

A psychological conflict that occurs when an individual must choose between two equally negative or undesirable options.

Conflict

A situation or process in which individuals or groups have incompatible goals, interests, or values, leading to disagreements or disputes.

Process

A series of actions or steps taken to achieve a particular end, often involving a methodical or systematic approach.

Interests

Activities, subjects, or pursuits that a person finds enjoyable or thinks are important.