Variables Estimation Sampling Is Used

question 43

Multiple Choice

Variables estimation sampling is used

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

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Definitions:

Customers

Individuals or businesses that purchase goods or services produced by a business.

Connectivity

The state of being connected or interconnected, often referring to the ability of devices or systems to link with each other through communication paths.