Stratification of the population will result in less efficient sampling and increase the sample size required.
Correct Answer:
Verified
Q1: Stratification is when an auditor selects a
Q2: A disadvantage of statistical sampling is sometimes
Q3: When conducting substantive testing,an increase in the
Q5: The permanent file includes detailed descriptions of
Q6: Tests of controls are audit procedures designed
Q7: Non-statistical sampling involves random selection and probability
Q8: When auditors conclude that an internal control
Q9: Sampling risk is the risk that the
Q10: The permanent file includes client information and
Q11: Projected error refers to the extrapolation of
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