Final answer:
The statement is false; although statistical techniques are helpful in analytical procedures, they do not eliminate the need for auditor judgment in interpreting results and making decisions.
Step-by-step explanation:
The statement that one advantage of using statistical techniques when performing analytical procedures is that they eliminate the need for auditor judgment is False. Statistical techniques are a valuable tool in the auditor's arsenal because they offer a method for dealing with the variability inherent in data sets and provide a framework for making inferences about a population based on samples. However, the role of auditor judgment is crucial in interpreting the results of the statistical analysis, determining the appropriateness of the procedures used, and in making final audit decisions. Effective interpretation of data is not solely based on mechanical calculations but involves a thoughtful examination of the data within the context of the audit.