Question: What is the purpose of using nonstatistical sampling for tests of controls and substantive tests of transactions? Question content area bottom Part 1 A .

What is the purpose of using nonstatistical sampling for tests of controls and substantive tests of transactions?
Question content area bottom
Part 1
A.
The purpose of using nonstatistical sampling for tests of controls and substantive tests of transactions is to minimize sampling error.
B.
The purpose of using nonstatistical sampling for tests of controls and substantive tests of transactions is to minimize sampling risk.
C.
The purpose of using nonstatistical sampling for tests of controls and substantive tests of transactions is to estimate the proportion of items in a population containing a characteristic or attribute of interest.
D.
All of the above.

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!