An Auditor Using Nonstatistical Sampling Cannot Formally Measure Sampling Error

question 2

Multiple Choice

An auditor using nonstatistical sampling cannot formally measure sampling error and therefore must subjectively consider the possibility that the true population misstatement exceeds a tolerable amount. Which of the following factors should be considered by the auditor in making this assessment?

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Definitions:

Osteoporosis

A condition characterized by weakened bones that are more prone to fracture.

Riboflavin

A B vitamin (B2) essential for energy production and cellular function, found in foods and supplements.

Magenta

A color that is a combination of red and blue light, often described as a deep purplish-red.

Vitamin

Essential organic compounds that organisms need in small amounts for proper health and functioning.