Random Sampling Can Be Used Even If the Auditor Does

question 6

True/False

Random sampling can be used even if the auditor does not plan on using statistical sampling.

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Definitions:

Experimental Designs

Refers to a systematic method of conducting research where variables are manipulated and controlled to determine their effect on certain outcomes.

Prevalence

The proportion of a population found to have a particular condition at a specific time.

Small Correlations

Weak statistical relationships between two variables indicating that they are slightly related.

Statistically Significant

A determination in data analysis that suggests an observed effect is unlikely to have occurred by chance alone.