Auditors Who Prefer Statistical to Nonstatistical Sampling Believe That the Principal

question 47

Multiple Choice

Auditors who prefer statistical to nonstatistical sampling believe that the principal advantage of statistical sampling flows from its unique ability to

• A) Define the precision required to provide audit satisfaction.
• B) Mathematically measure uncertainty.
• C) Establish conclusive audit evidence with decreased audit effort.
• D) Promote a more legally defensible procedural approach.

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Definitions:

Network Analysis

A method used in various fields to study complex networks by examining the patterns of connections and interactions between nodes (such as individuals, organizations, or components).

Quantitative Research

A scientific research method focusing on obtaining data through objective measurements and statistical, mathematical, or numerical analysis of phenomena.

Variables-Based

An approach that emphasizes the use of variables in research or analysis to understand patterns, relationships, or outcomes.

Holocaust

The genocide of approximately six million European Jews during World War II, as part of a systematic extermination plan orchestrated by Nazi Germany.