Which of the Following Observations About Discovery Sampling Is TRUE

question 23

Multiple Choice

Which of the following observations about discovery sampling is TRUE?

• A)It is one of the more difficult statistical sampling variations to understand.
• B)Auditors using this method can always be certain that fraud does not exist in a population of checks.
• C)It allows an auditor to generalize and make inferences from the population to the sample.
• D)Auditors can quantify both the risk and samples until they have sufficient evidence that fraud does not likely exist.

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