Variables Estimation Sampling Is Used

question 26

Multiple Choice

Variables estimation sampling is used:

• A)when the auditor conducts tests of controls.
• B)when the auditor does not expect any errors in an account balance.
• C)to obtain a level of confidence that key attributes for the sample tested can be inferred to be in existence for the entire population.
• D)if the auditor expects more than a few errors in an account balance.

---

Definitions:

Cognitive Loss

The decline in mental functions such as memory, attention, and decision-making, often associated with aging or neurological conditions.

Self-Actualization

A term used in psychology to describe the realization or fulfillment of one's talents and potentialities, considered as a drive or need present in everyone.

Spiritual Understanding

The recognition and integration of beliefs, practices, and experiences that pertain to the meaning, purpose, and connection with something greater than oneself.

Erik Erikson

A developmental psychologist and psychoanalyst known for his theory on the psychological development of human beings, which outlines eight stages from infancy to adulthood.