The justification for the wide use of non-statistical sampling in auditing is due to:
A) cost/benefit considerations.
B) classical decision theory.
C) the concept of due care.
D) professional scepticism.

Question

Quizplus · Accepted Answer

Non-statistical sampling is often used in auditing due to cost/benefit considerations. It allows auditors to make judgments about the population under review without the need for complex statistical methods, which can be more time-consuming and costly. This approach is chosen when the benefits of using statistical sampling do not justify the additional costs and efforts involved.

The Justification for the Wide Use of Non-Statistical Sampling in Auditing