Which one of the following BEST describes what the auditor means by the rate of occurrence in the audit sampling plan?
A) The number of errors that can reasonably be expected to be found in a population
B) The dollar range within which the true population total can be expected to fall
C) The degree of confidence that the sample is representative of the population
D) The frequency with which a certain characteristic occurs within a population

Question

Quizplus · Accepted Answer

The rate of occurrence in an audit sampling plan refers to how often a specific characteristic or error appears within the population being tested.

Which One of the Following BEST Describes What the Auditor