The auditor's conclusion based on the sample _______.
A)should always be applied to the sample only and not the population
B)should always be applied to the population only and not the sample
C)may be different than the conclusion drawn if the auditor had audited the entire population
D)will always be the same as the conclusion drawn if the auditor had audited the entire population

Question

Quizplus · Accepted Answer

The auditor's conclusion based on the sample may be different than the conclusion drawn if the auditor had audited the entire population. This is because sampling involves taking a subset of the population and drawing conclusions about the entire population based on that subset. However, there is always a risk of error and uncertainty associated with sampling, so the sample may not perfectly represent the entire population. Therefore, the conclusion based on the sample may differ from the conclusion if the auditor had audited the entire population.

The Auditor's Conclusion Based on the Sample _______