STATEMENT 1: All auditing procedures involves audit sampling. STATEMENT 2: Sufficiency or adequacy of sample size is more "scientifically" measured with the use of statistical sampling approach. A. Only Statement 1 is incorrect B. Only Statement 1 is correct C. Both statements are incorrect D. Both statements are correct
STATEMENT 1: All auditing procedures involves audit sampling. STATEMENT 2: Sufficiency or adequacy of sample size is more "scientifically" measured with the use of statistical sampling approach. A. Only Statement 1 is incorrect B. Only Statement 1 is correct C. Both statements are incorrect D. Both statements are correct
Chapter1: Financial Statements And Business Decisions
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![. STATEMENT 1: All auditing procedures involves audit sampling.
STATEMENT 2: Sufficiency or adequacy of sample size is more "scientifically" measured with the
use of statistical sampling approach.
A. Only Statement 1 is incorrect
B. Only Statement 1 is correct
C. Both statements are incorrect
D. Both statements are correct](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb106e732-21d7-4a71-a882-853576405676%2F6ab70373-9260-455b-a08e-c6ac97b7da95%2Fu7zyus7_processed.png&w=3840&q=75)
Transcribed Image Text:. STATEMENT 1: All auditing procedures involves audit sampling.
STATEMENT 2: Sufficiency or adequacy of sample size is more "scientifically" measured with the
use of statistical sampling approach.
A. Only Statement 1 is incorrect
B. Only Statement 1 is correct
C. Both statements are incorrect
D. Both statements are correct
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