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:

Total Quality Management

A management approach to long–term success through customer satisfaction, involving all members of an organization in improving processes, products, services, and the culture in which they work.

Inspection Processes

A systematic examination or assessment of various aspects of a product, process, or system to ensure compliance with standards.

Quality Standards

Refers to the established set of criteria outline the acceptable level of product quality or performance.