Which of the following is not true with respect to the use of probability proportional to size sampling (PPS)? Multiple Choice PPS estimates the extent of misstatement in an account balance or class of transactions. PPS selects individual dollars from an account balance for verification. Compared to classical variables sampling, PPS allows the auditors to more effectively control their exposure to sampling risk. PPS provides the auditor with a more conservative estimate of the misstatement than classical variables sampling.
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