Which of the following statements regarding the auditor’s use of inferential sta

Question

Which of the following statements regarding the auditor’s use of inferential statistics is correct?

a. An auditor needs to estimate the dollar amount of the standard deviation of the population in order to use classical variables sampling
b. An assumption of MUS is that the population is normally distributed
c. A classical variables sample needs to be designed with special considerations to include negative balances in the sample.
d. The selection of zero logical units does not require special design considerations when using MUS

Explanation / Answer

option "a" is the correct answer.
a. An auditor needs to estimate the dollar amount of the standard deviation of the population in order to use classical variables sampling.

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