Which of the Following Statements Is Most Correct

question 124

Multiple Choice

Which of the following statements is most correct?

• A) A sample of all items of a population will eliminate sampling risk, but increase nonsampling risk.
• B) The use of an appropriate sample selection technique ensures a representative sample.
• C) The auditor's failure to recognize an exception is a significant cause of sampling risk.
• D) The use of inappropriate audit procedures is a significant cause of nonsampling risk.

---

Definitions:

DATE Function

A formula in spreadsheet software that generates a date value from individual year, month, and day components.

YEAR Function

A computing or spreadsheet function that extracts the year part from a date representation.

DATEVALUE

A function in spreadsheet programs that converts a date in the form of text to a serial number representing the date.

TODAY Function

A function in many spreadsheet programs that returns the current date, updating each time the document is opened or recalculated.