All of the Following Are Correct Regarding Variables Sampling,except

question 32

Multiple Choice

All of the following are correct regarding variables sampling,except:

• A)Variables sampling is used to examine a population when auditors want to estimate the amount (or value)of some characteristic of that population.
• B)The risk of incorrect rejection is of more concern to auditors than the risk of incorrect acceptance.
• C)Auditors can use either statistical or nonstatistical sampling approaches to variables sampling.
• D)To determine if an account balance is fairly stated,auditors compare the adjusted sample estimate of the misstatement to the tolerable misstatement.

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Definitions:

National Cultures

The set of shared values, beliefs, and norms that distinguish the people of one country from those of another.

High Power Distance

A cultural dimension where there is acceptance of unequal power distribution within societies or organizations.

Power Distance

This concept refers to the extent to which less powerful members of institutions and organizations expect and accept that power is distributed unequally.

Venezuela

A country located on the northern coast of South America, known for its significant oil resources, rich cultural history, and recent socio-political issues.