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Consider the following statements regarding sampling. Which of the following are true statements? I. Attribute sampling is appropriate when estimating the true monetary value of
Consider the following statements regarding sampling. Which of the following are true statements?
I. | Attribute sampling is appropriate when estimating the true monetary value of an account balance. |
II. | A haphazardly selected sample may be used with attribute sampling techniques. |
III. | Judgmental sampling typically yields larger sample sizes than statistical sampling. |
IV. | Statistical sampling allows the auditor to quantify and control for sampling risk. |
I, IV |
II, III |
I, III, IV |
IV |
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