Sometimes an audit population may be sufficiently small so that_______.
A)the auditor can ignore the account in question
B)the auditor can audit every item in the population
C)the account in question can be outsourced to the internal audit function for auditing
D)expressed written assurance from senior management pertaining to the account is satisfactory

Question

Quizplus · Accepted Answer

When the audit population is small, the auditor can audit every item in the population rather than ignoring the account or outsourcing it to the internal audit function. This can provide a more thorough and accurate assessment of the account in question. Hence, option B is correct.

Sometimes an Audit Population May Be Sufficiently Small So That_______