Question: An advantage of statistical over nonstatistical sampling methods in tests of controls is that the statistical methods Provide an objective basis for quantitatively evaluating sample
An advantage of statistical over nonstatistical sampling methods in tests of controls is that the statistical methods
Provide an objective basis for quantitatively evaluating sample risks.
Afford greater assurance than a nonstatistical sample of equal size.
Eliminate the need to use judgment in determining appropriate sample sizes.
Can more easily convert the sample into a dual-purpose test useful for substantive testing
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
