Harvey Jones, CPA, uses statistical sampling to test control procedures.

What is a benefit of using statistical sampling?

Multiple Choice

It provides a means of mathematically

measuring the sampling risk that result from

examining only a part of the data.

It eliminates the use of judgment required of

Jones because the AICPA has established

numerical criteria for this type of testing.

It increases Jones' knowledge of the entity's

prescribed procedures and their limitations$.$

It is required by generally accepted auditing

standards.