Factors That the Auditor Should Consider When Choosing Between Nonstatistical

question 70

Multiple Choice

Factors that the auditor should consider when choosing between nonstatistical and statistical sampling include

• 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 an objective measure of the risk of drawing a wrong conclusion.
• D)all of the above.

---

Definitions:

Corporate Rituals

Established ceremonies or actions performed in a company that symbolize its values and culture.

Unique Stories

Distinct narratives or accounts that set individuals, organizations, or events apart from others.

Ceremonies

Formal or ritualistic events often conducted in honor of a particular occasion, achievement, or tradition.

Strategic Issues

Significant matters that impact the direction and success of an organization, often requiring decision-making at the highest level of leadership.