An Advantage of Statistical Sampling Over Non-Statistical Sampling Is That

question 20

Multiple Choice

An advantage of statistical sampling over non-statistical sampling is that statistical sampling helps an auditor to ________.

• A)minimize the failure to detect errors and irregularities
• B)eliminate the risk of non-sampling errors
• C)reduce the level of audit risk and materiality to a relatively low amount
• D)make a preliminary estimate of the appropriate sample size

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Definitions:

Texas Territory

A historical territorial area administered by the United States before Texas became a state in 1845.

Martin Van Buren

The eighth President of the United States (1837-1841), known for his role in the development of the American political party system.

Texas

The second-largest state in the United States by both area and population, known for its significant historical events such as the Battle of the Alamo and rich cultural heritage.