An Advantage of Using Statistical Sampling Techniques Is That Such

question 23

Multiple Choice

An advantage of using statistical sampling techniques is that such techniques:

• A)Mathematically measure risk.
• B)Eliminate the need for judgmental decisions.
• C)Define the values of the allowance for sampling risk and tolerable misstatement required to provide audit satisfaction.
• D)Have been established in the courts to be superior to judgmental sampling.

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