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An Advantage of Statistical Sampling Over Non-Statistical Sampling Is That

Question 3

Multiple Choice

An advantage of statistical sampling over non-statistical sampling is that statistical sampling helps an auditor to


A) Minimize the failure to detect errors and irregularities.
B) Eliminate the risk of non-sampling errors.
C) Reduce the level of audit risk and materiality to a relatively low amount.
D) Make a preliminary estimate of the appropriate sample size.

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