If the size of the sample to be used in a particular test of controls has not been determined by utilizing statistical concepts, but the sample has been chosen in accordance with random selection procedures
A. No inferences can be drawn from the sample.
B. The auditor has committed a nonsampling error.
C. Depending on the size of the sample chosen, the auditor may actually achieve desired precision.
D. The auditor will have to evaluate the results by reference to the principles of discovery sampling.
C. Depending on the size of the sample chosen, the auditor may actually achieve desired precision.
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A balance sheet account that is usually reported at fair value is
A) Marketable Securities. B) Land. C) Accounts Payable. D) Inventory.
The major purpose of test marketing is to provide management with the information needed to make a final decision about ________
A) how to develop a marketing strategy B) which market to compete in C) whether to launch the new product D) how to compete in the market E) how long to compete in the market
The study of the differences between a current and a proposed cost management system is referred to as _________________________
Fill in the blank(s) with correct word
Videoconferencing and Web conferencing are inappropriate for problem-solving when participants have no bond
Indicate whether the statement is true or false