An Advantage of Statistical Sampling Over Nonstatistical Sampling Is That

question 60

Multiple Choice

An advantage of statistical sampling over nonstatistical sampling is that statistical sampling helps an auditor to

• A) eliminate the risk of nonsampling error.
• B) reduce the level of audit risk and overall materiality to a relatively low level.
• C) measure the sufficiency of the evidence gathered.
• D) minimize the failure to detect misstatements and irregularities.

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Definitions:

Human-Relations Approach

A management theory focusing on the importance of interpersonal relationships and motivation for enhancing worker productivity.

Challenging Jobs

Employment positions that require a high level of skill, effort, or complexity, providing opportunities for growth and learning.

Job Satisfaction

The level of contentment employees feel about their work, which can influence their performance and overall company morale.

Job Performance

The level of effectiveness with which an individual executes their job-related tasks, responsibilities, and duties.