Question: (I need more explanation on why options are correct or wrong.) Which of the following statements relating to the use of sampling when performing substantive

(I need more explanation on why options are correct or wrong.)

Which of the following statements relating to the use of sampling when performing substantive tests ismost correct?

A.Dollar unit sampling is an effective procedure when testing for a material misstatement in the assertion of completeness.

B.Stratification of the population allows the auditor to more effectively focus on sampling units of interest.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!