Auditors Who Prefer Statistical Sampling to Nonstatistical Sampling May Do

question 12

Multiple Choice

Auditors who prefer statistical sampling to nonstatistical sampling may do so because statistical sampling helps the auditor

• A) measure the sufficiency of the evidential matter obtained.
• B) eliminate subjectivity in the evaluation of sampling results.
• C) reduce the level of tolerable misstatement to a relatively low amount.
• D) minimize the failure to detect a material misstatement due to nonsampling risk.

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Definitions:

James Marcia

A developmental psychologist known for his work on adolescent identity formation and his theory categorizing identity development into four statuses.

Foreclosure

In identity development, the premature commitment to an identity without adequate exploration of other options.

Diffusion

The process where particles move from an area of higher concentration to an area of lower concentration, used metaphorically in various fields to describe the spread of information or technology.

Lifespan Perspective

An approach in psychology that examines human development from birth through old age, considering biological, emotional, cognitive, and social changes.