Which of the Following Is a Factor That the Auditor

question 84

Multiple Choice

Which of the following is a factor that the auditor should consider when choosing between nonstatistical and statistical sampling?

• A)Whether the audit staff is adequately trained to use statistical sampling.
• B)Whether the population lends itself to a random-based selection method.
• C)Whether the auditor wants a statistical measure of the risk of drawing a wrong conclusion.
• D)All of the above.

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Definitions:

Parliamentary Supremacy

The principle that the primary law-making body is Parliament or the provincial legislatures in their respective jurisdictions, and that statutes take priority over the common law.

Charter of Rights and Freedoms

A foundational legal document in Canada that guarantees fundamental freedoms and rights to its citizens.

Supreme Court

The highest judicial court in a country or state, which has the ultimate authority in interpreting the law and deciding on the most significant legal issues.

Natural Justice

The legal principle requiring fairness in legal processes, including the right to a fair hearing and the rule against bias.