Probability proportional to size sampling is designed to test for overstatement of an account balance while classical variable methods are designed to test for
A) both overstatement and understatement.
B) understatement only.
C) overstatement only.
D) exact dollar balances.
Correct Answer:
Verified
Q69: The statistical sampling method most commonly used
Q70: When determining the sample size,the auditor must
Q71: The design of a MUS sample requires
Q72: The probability proportional to size sampling is
Q73: The sample size varies directly with
A)the expected
Q75: The steps used in sampling during substantive
Q76: While auditors may use either statistical or
Q77: In MUS sampling,the formula for the
Q78: In analyzing misstatements using sampling techniques,the auditor
Q79: Haphazard sampling is an acceptable method 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