Which of the Following Is an Advantage of Statistical Sampling

question 36

Multiple Choice

Which of the following is an advantage of statistical sampling?

• A)It permits a less rigid approach to unique audit problems.
• B)It uses an evaluation method that allows evaluation of the sample on factors other than the sample evidence.
• C)It permits auditors to use a computer to select a random sample.
• D)It requires auditors to be exact in their judgments on risk and materiality.

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Definitions:

Culture Constraint

Limitations and boundaries on individual behavior and social practices imposed by cultural norms and values.

Rationalization

The process of making activities or tasks more efficient and systematic, often through the implementation of rules, regulations, and procedures.

McDonaldization

A term used to describe the process by which the principles of the fast-food industry, such as efficiency and uniformity, are coming to dominate other sectors of society.

Work Clock

A device or system used to track and record the hours worked by an employee.