If the Auditor Believes That There Will Be More Than

question 67

Multiple Choice

If the auditor believes that there will be more than just a few exceptions discovered, and desires an accurate estimate of the dollar value of the exceptions, he or she will use

• A) attributes sampling.
• B) monetary unit sampling.
• C) block sampling.
• D) variables sampling.

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Definitions:

Energy-Saving Devices

Tools or appliances designed to use less energy for their operation, thereby conserving energy and reducing utility costs.

Efficient Decisions

The process of making choices that achieve the maximum benefit or effectiveness with the least waste of time, resources, or effort.

Validity Effect

A phenomenon where a statement is more likely to be perceived as true the more it is repeated, regardless of its actual veracity.

Repeated Statements

The act of saying or presenting the same information multiple times to reinforce a message or ensure understanding.