When Selecting a Sample, Random Numbers May Be Obtained Either

question 34

True/False

When selecting a sample, random numbers may be obtained either with replacement or without replacement. Although both selection methods are theoretically sound, auditors rarely use replacement sampling.

---

Definitions:

Significant Message

Information or communication that holds considerable importance or value to its audience.

Adjustment Letters

Written communications sent by a company to address and resolve a customer's complaint or dispute.

Issue Apology

The act of expressing regret or sorrow for having caused inconvenience, harm, or disappointment to others.

Business Practice

Established methods or routines followed within a professional environment to achieve efficiency and effectiveness.