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Consider the following statements regarding sampling. Which ofthe following are true statements? I. Attribute sampling is appropriate when estimating the truemonetary value of an account

Consider the following statements regarding sampling. Which ofthe 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 attributesampling techniques.

III.

Judgmental sampling typically yields larger sample sizes thanstatistical sampling.

IV.

Statistical sampling allows the auditor to quantify and controlfor sampling risk.

I, IV
II, III
I, III, IV
IV

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