Auditors Prefer to Use Probabilistic Sample Selection Methods for Nonstatistical

question 32

True/False

Auditors prefer to use probabilistic sample selection methods for nonstatistical sample applications involving tests of controls and substantive tests of transactions to improve the likelihood of selecting a representative sample.

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Definitions:

Information-Processing Needs

The requirements of individuals or organizations to collect, process, store, and retrieve information to support decision-making, coordination, control, and analysis.

Internet Application

A software application that operates on the internet, allowing users to access and interact with it through a web browser.

Data

Quantitative or qualitative values of variables collected for analysis and used to make decisions or solve problems.

Meaning

The significance or understanding conveyed by words, symbols, or actions; the underlying purpose or intention behind communication or phenomena.