An advantage of using statistical sampling techniques is that such techniques:
A) have been held in the courts to be superior to judgmental sampling.
B) define the values of precision and reliability required to provide audit satisfaction.
C) eliminate the need for judgmental decisions.
D) mathematically measure risk.

Question

Quizplus · Accepted Answer

Statistical sampling techniques use mathematics to quantify risk and provide objective measures of precision and reliability. This makes it easier for auditors to make informed decisions and reduces the need for subjective judgment. Courts have not necessarily held statistical sampling techniques to be superior to judgmental sampling, and statistical sampling does not define the values of precision and reliability required for audit satisfaction.

An Advantage of Using Statistical Sampling Techniques Is That Such