If the Association of Population Items with Random Numbers Is

question 51

Multiple Choice

If the association of population items with random numbers is difficult and expensive, but the auditor does not have sufficient knowledge about the population, the auditor should ________.

• A) use non-statistical sampling
• B) use statistical sampling
• C) use a computer to analyze the population and then decide which method to use
• D) first determine the possible impacts of an error in the population on the financial statements to decide if sampling is reasonable

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Definitions:

Unified

Being made or considered as a whole, typically in a context where there was previously division or separation.

Interdependencies

The mutual reliance between parts of an organization, processes, or systems, where each part influences or relies on the others.

Asymmetric

Lacking symmetry or balance, often used to describe uneven power distribution or relationships.

Interdependence

A relationship between two or more entities where each is mutually dependent on the others, illustrating a complex system of relationships and reliance.