Which of the following would most likely be an advantage in using classi- cal variables sampling rather

Question:

Which of the following would most likely be an advantage in using classi- cal variables sampling rather than monetary-unit sampling?

a. An estimate of the standard deviation of the population's recorded amounts is not required.

b. The auditor rarely needs the assistance of a computer program to design n efficient sample.

c. lusion of zero and negative balances generally does not require spe- cial design considerations.

d. Any amount that is individually significant is automatically identified and selected. P-9652

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Auditing And Assurance Services A Systematic Approach

ISBN: 9780073337203

5th Edition

Authors: William Messier, Steven Glover, Douglas Prawitt

Question Posted: