Harvey Jones, CPA, Uses Statistical Sampling to Test Control Procedures

question 59

Multiple Choice

Harvey Jones, CPA, uses statistical sampling to test control procedures. What is a benefit of using statistical sampling?

• A)It provides a means of mathematically measuring the sampling risk that result from examining only a part of the data.
• B)It eliminates the use of judgment required of Jones because the AICPA has established numerical criteria for this type of testing.
• C)It increases Jones' knowledge of the entity's prescribed procedures and their limitations.
• D)It is required by generally accepted auditing standards.

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Definitions:

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