An Advantage of Using Statistical Sampling Techniques Is That Such

question 76

Multiple Choice

An advantage of using statistical sampling techniques is that such techniques:

• A) Mathematically measure risk.
• B) Eliminate the need for judgmental decisions.
• C) Define the values of allowance for sampling risk and tolerable misstatement required to provide audit satisfaction.
• D) Have been established in the courts to be superior to judgmental sampling.

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Definitions:

Constitutional Law

Law based on the U.S. Constitution and the constitutions of the states.

Supreme Court

The highest judicial court in a country or state, which has the ultimate authority to adjudicate on matters of law and constitutional importance.

Bill of Rights

The first ten amendments to the United States Constitution, guaranteeing fundamental rights and freedoms to American citizens.

Justice

The principle of fairness and moral rightness in the enforcement of laws and the administration of public affairs.