An auditor can reduce the impact of variability by using _______.
A)indemnification
B)stratification
C)a variety of statistical techniques
D)a variety of non-statistical techniques

Question

Quizplus · Accepted Answer

Stratification is a statistical technique that can be used to reduce the impact of variability in an audit sample. By dividing the population into smaller, more homogeneous groups, the auditor can reduce the variability within each group and increase the precision of the sample.

An Auditor Can Reduce the Impact of Variability by Using