Statistical sampling: a. Measures quantitatively the risk from testing only part of an audit population. b. Allows
Question:
Statistical sampling:
a. Measures quantitatively the risk from testing only part of an audit population.
b. Allows the same degree of confidence as nonstatistical sampling but with substantially less work.
c. Allows the auditor to replace some judgments with quantitative measures.
d. Measures the reliability of misstatements.
Choose the best answer.
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