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:

Moral Reform

Efforts or movements aimed at improving the moral and ethical standards of a society, often focusing on issues like temperance or abolition of slavery.

Public Safety

Pertains to the maintenance of a safe and secure environment for citizens by enforcing laws, preventing crimes, and managing emergencies.

Police Force

A constituted body of persons empowered by a state to enforce the law, protect property, and limit civil disorder.

Gas Lights

refers to a type of illumination produced by burning gaseous fuel, such as hydrogen, methane, carbon monoxide, or natural gas, which was widely used before the advent of electric lighting.