Statistical sampling is a method of sampling which is based on some mathematical or statistical methods to examine the sample, while non-statistical sampling is purely based on the auditor’sjudgment. To choose: about the statement which is true.

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Chapter 8, Problem 19MCQ

To determine

Introduction:Statistical sampling is a method of sampling which is based on some mathematical or statistical methods to examine the sample, while non-statistical sampling is purely based on the auditor’sjudgment.

To choose: about the statement which is true.

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Which of the following statements about attribute sampling is correct? A. Larger transactions have a higher chance of being selected into the sample than smaller transactions. B. The risk of over-reliance does not affect the sample size. C. Attribute sampling is often used in the test of controls. D. The haphazard selection method is often used for attribute sampling. E. If the estimated population deviation rate is higher than the tolerable deviation rate, auditors conclude the internal control is effective.

An advantage of statistical sampling over nonstatistical sampling methods is that statistical methodsa. Afford more assurance than a nonstatistical sample of equal size.b. Provide an objective basis for quantitatively evaluating sampling risk.c. Can more easily convert the sample into a dual-purpose test useful for substantive procedures.d. Eliminate the need to use judgment in determining appropriate sample sizes

Auditors project the misstatements found in the sample tothe population when using statistical sampling, but not when usingnonstatistical sampling. TRUE OR FALSE? WHY?

Answer 2

Question

Chapter 8, Problem 19MCQ

To determine

Introduction:Statistical sampling is a method of sampling which is based on some mathematical or statistical methods to examine the sample, while non-statistical sampling is purely based on the auditor’sjudgment.

To choose: about the statement which is true.

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Answer 3

Question

Chapter 8, Problem 19MCQ

To determine

Introduction:Statistical sampling is a method of sampling which is based on some mathematical or statistical methods to examine the sample, while non-statistical sampling is purely based on the auditor’sjudgment.

To choose: about the statement which is true.

Expert Solution & Answer

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Answer 4

Question

Chapter 8, Problem 19MCQ

To determine

Introduction:Statistical sampling is a method of sampling which is based on some mathematical or statistical methods to examine the sample, while non-statistical sampling is purely based on the auditor’sjudgment.

To choose: about the statement which is true.

Expert Solution & Answer

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Answer 5

Chapter 8, Problem 19MCQ

To determine

Introduction:Statistical sampling is a method of sampling which is based on some mathematical or statistical methods to examine the sample, while non-statistical sampling is purely based on the auditor’sjudgment.

To choose: about the statement which is true.

Answer 6

Chapter 8, Problem 19MCQ

To determine

Introduction:Statistical sampling is a method of sampling which is based on some mathematical or statistical methods to examine the sample, while non-statistical sampling is purely based on the auditor’sjudgment.

To choose: about the statement which is true.

Answer 7

Chapter 8, Problem 19MCQ

To determine

Introduction:Statistical sampling is a method of sampling which is based on some mathematical or statistical methods to examine the sample, while non-statistical sampling is purely based on the auditor’sjudgment.

To choose: about the statement which is true.

Answer 8

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Answer 9

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Answer 11

Ch. 8 - Prob. 1TFQ Ch. 8 - Prob. 2TFQ Ch. 8 - Prob. 3TFQ Ch. 8 - Prob. 4TFQ Ch. 8 - Prob. 5TFQ Ch. 8 - Prob. 6TFQ Ch. 8 - Prob. 7TFQ Ch. 8 - Prob. 8TFQ Ch. 8 - Prob. 9TFQ Ch. 8 - Prob. 10TFQ

Statistical sampling is a method of sampling which is based on some mathematical or statistical methods to examine the sample, while non-statistical sampling is purely based on the auditor’sjudgment. To choose: about the statement which is true.

Solution Summary: The author explains that Statistical sampling is based on mathematical or statistical methods to examine the sample, while non-statistical sampling focuses on the auditor's judgment.

Introduction:Statistical sampling is a method of sampling which is based on some mathematical or statistical methods to examine the sample, while non-statistical sampling is purely based on the auditor’sjudgment.

To choose: about the statement which is true.

Want to see the full answer?

Chapter 8 Solutions

Statistical sampling is a method of sampling which is based on some mathematical or statistical methods to examine the sample, while non-statistical sampling is purely based on the auditor’sjudgment. To choose: about the statement which is true.

Solution Summary: The author explains that Statistical sampling is based on mathematical or statistical methods to examine the sample, while non-statistical sampling focuses on the auditor's judgment.

Introduction:Statistical sampling is a method of sampling which is based on some mathematical or statistical methods to examine the sample, while non-statistical sampling is purely based on the auditor’sjudgment. To choose: about the statement which is true.

Want to see the full answer?

Chapter 8 Solutions

Introduction:Statistical sampling is a method of sampling which is based on some mathematical or statistical methods to examine the sample, while non-statistical sampling is purely based on the auditor’sjudgment.

To choose: about the statement which is true.