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.