Which of the following is an accurate statement regarding sampling?
A) A 95 percent confidence level provides a 5 percent sampling risk.
B) The auditor can perform the audit tests only after the sample items are selected.
C) The purpose of planning the sample is to make sure that the audit tests are performed in a manner that provides the desired sampling risk and minimizes the likelihood of nonsampling errors.
D) All of the above are accurate statements.
Correct Answer:
Verified
Q27: Discuss what is meant by "sampling risk"
Q28: Assume the auditor decides a control is
Q29: An advantage of using statistical sampling techniques
Q30: Which of the following statements is most
Q31: Which of the following statements is not
Q33: Auditors can increase the likelihood of a
Q34: Which of the following is not a
Q35: When using nonstatistical sampling, the sample must
Q36: Using an appropriate sample selection method does
Q37: It is never possible to know whether
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents