Which of the Following Statements Is Most Correct Regarding the Primary

question 18

Multiple Choice

Which of the following statements is most correct regarding the primary purpose of audit procedures?

• A) to detect all errors or fraudulent activities as well as illegal activities
• B) to comply with auditing standards promulgated by the PCAOB for publicly held clients
• C) to gather corroborative audit evidence about management's assertions regarding the client's financial statements
• D) to determine the amount of errors in the balance sheet accounts in order to adjust the accounts to actual

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Definitions:

Stratified Random Sampling

A sampling technique where the population is divided into distinct subgroups and samples are drawn from each subgroup.

Simple Random Sample

A sample in which each member of the population has an equal chance of being selected, minimizing biases in the sampling process.

M.D.

In a statistical context, this often refers to Mean Deviation, a measure of variability that averages the absolute deviations of data points from their mean.

D.O.

This can refer to several things; without context, an exact definition cannot be provided. In medical terms, it often stands for Doctor of Osteopathic Medicine.