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:

The Rocks

A basic geological term referring to the solid mineral material forming part of the surface of the earth and other similar planets, exposed on the surface or underlying the soil or oceans.

Rules and Regulations

Formal directives and policies established to guide behavior and ensure orderly conduct within an organization.

Political Behavior

Activities or actions taken within an organization to acquire, develop, and use power and other resources to obtain one's preferred outcomes.

Monetary Rewards

Financial incentives provided to employees as a form of compensation or recognition for their work.