Question: An advantage of using statistical sampling techniques is that such techniques: (a) mathematically measure risk. (b) eliminate the need for judgemental decisions. (c) define the

An advantage of using statistical sampling techniques is that such techniques:

(a) mathematically measure risk.

(b) eliminate the need for judgemental decisions.

(c) define the values of tolerable error and risk of incorrect acceptance required to provide audit satisfaction.

(d) have been established in the courts to be superior to judgemental sampling.

Choose the best answer.

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