The Only Thing(s)that Might Change When the Auditor Moves from Statistical

question 59

Multiple Choice

The only thing(s) that might change when the auditor moves from statistical sampling to nonstatistical sampling is (are)

• A)the sample testing method
• B)the way the auditor evaluates the sample results
• C)the sample evaluation method
• D)the way the auditor obtains the sample results
• E)the sample selection method
• F)both A and C
• G)both B and E
• H)both D and E

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Definitions:

Apparent Authority

A form of authority that a third party reasonably believes an agent has, based on the principal's representations, leading the third party to conclude that the agent is acting within the scope of their authority.

Voidable

A legal term referring to a contract or agreement that may be declared invalid by one of the parties due to issues like fraud or misrepresentation.

Contractual Capacity

The legal ability of an individual or entity to enter into binding contracts, requiring understanding and agreement to the contract's terms.

Principals

Individuals or entities that engage an agent to act on their behalf in transactions or negotiations.