Auditors Who Prefer Statistical to Nonstatistical Sampling Believe That the Principal

question 53

Multiple Choice

Auditors who prefer statistical to nonstatistical sampling believe that the principal advantage of statistical sampling flows from its ability to

• A) quantify sampling risk.
• B) promote a more legally defensible procedural approach.
• C) define the precision required to provide audit satisfaction.
• D) establish conclusive audit evidence with decreased audit effort.

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Definitions:

Coaching Leader

A leadership style focused on developing individuals, encouraging them to reach their full potential and helping them to overcome challenges.

Delegating Leader

A leadership style in which the leader assigns responsibility and authority to followers, allowing them to make decisions within certain parameters.

Situational Leadership

A leadership style that proposes the effectiveness of a leader is determined by their ability to adjust their management behavior to the level of maturity of the team being led.

Theoretical Basis

The fundamental principles or assumptions that form the foundation for a particular theory, model, or approach.