Audit Evidence Is Often Available Only in Electronic Form, and Auditors

question 67

True/False

Audit evidence is often available only in electronic form, and auditors must evaluate how this affects their ability to gather sufficient, appropriate evidence.

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Definitions:

Population Proportions

represent the fraction or percentage of individuals in a population exhibiting a certain trait or characteristic.

Binomial Distribution

A probability distribution that describes the number of successes in a fixed number of independent experiments, each with the same probability of success.

Significance Level

The threshold chosen by a researcher or analyst to determine the statistical significance of a result, typically denoted by alpha (α) and representing the probability of a type I error.

Proportion Difference

The difference in the percentage of occurrences of a certain attribute or outcome between two groups or over time.