Which of the Following Statements Is Correct Concerning Statistical Sampling

question 87

Multiple Choice

Which of the following statements is correct concerning statistical sampling in tests of controls?

• A)Deviations from control procedures at a given rate usually result in misstatements at a higher rate.
• B)As the population size doubles,the sample size should also double.
• C)The qualitative aspects of deviations are not considered by the auditor.
• D)There is an inverse relationship between the sample size and the tolerable rate of deviation.

---

Definitions:

Peer-to-Peer Lender

an online platform that matches people willing to lend money directly to individuals or businesses seeking to borrow, bypassing traditional financial institutions.

Shared Economy

An economic model where assets and services are shared between private individuals, typically via the internet.

Cloud-Based Solutions

Services, software, or infrastructure that are hosted on remote servers accessed via the internet, facilitating scalability and flexibility.

Data Centers

Facilities used to house computer systems and associated components, such as telecommunications and storage systems, mainly for the purpose of collecting, storing, processing, distributing, or allowing access to large amounts of data.