An Advantage of Statistical Sampling Over Nonstatistical Sampling Is That

question 88

Multiple Choice

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

• A)Eliminate nonsampling risk.
• 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:

Taut

An expression or statement that is redundantly repetitive or circular in its reasoning, effectively always true.

Contra

Against or in opposition to a particular argument or claim.

Add

In the context of mathematics or logic, to perform the operation of addition, which is the process of combining two or more quantities.

UI

Stands for User Interface, which is the means by which user interacts with a machine, software or device.