The Most Important Points to Understand About Gathering Evidence Based

question 62

Multiple Choice

The most important points to understand about gathering evidence based on sampling procedures are:

• A)when to use a sample to confirm evidence
• B)how to generate a random sample for the test
• C)how to validate the audit test
• D)how to evaluate the deviations found in the sample
• E)how to use the sample results to arrive at an assumption about the population
• F)both A and C
• G)both A and E
• H)both B and D

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Definitions:

Buy American Campaign

A movement encouraging consumers to purchase goods made in the United States in order to support domestic businesses and labor.

Trade Balance

The difference between a country's exports and imports of goods and services.

U.S. Government

The federal government of the United States, a constitutional republic comprising the executive, legislative, and judicial branches.

Net Capital Outflow

The difference between the domestic country's sale of assets to foreigners and its purchase of assets from foreigners during a specific period.