n auditing a firm\'s financial statements, an auditor is required to assess the

Question

n auditing a firm's financial statements, an auditor is required to assess the operational effectiveness of the accounting system. In performing the assessment, the auditor frequently relies on a random sample of actual transactions. A particular firm has 5,351 customer accounts that are numbered from 0001 to 5351 10. Data Table O B. Yes, because a sample in numerical order has a much lower probability of occurring C O D. Yes, because the probability of selecting any particular sample of size 10 depends on the actual account numbers in the data set No, because 0008 occurs in the first sample and in the second sample Sample Number 1 5018 5351 0963 0772 3441 2679 1124 0008 0026 4188 Sample Number 2 0001 0003 0005 0007 0009 0002 0004 0006 0008 0010 Click to select your answer. Print Done

Explanation / Answer

No, because the probability of selecing any particualr sample of size 10 does not depend on the actual account numbers.

All are equally likely

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