The decision of how many items to test must be made by the auditor for each audit procedure.The sample size for any given procedure
A)will be the same if the same level of assurance is required.
B)must cover the entire period under audit.
C)is focused on high-dollar-value items only.
D)is likely to vary from audit to audit.

Question

Quizplus · Accepted Answer

The sample size for any given procedure is likely to vary from audit to audit based on factors such as the level of risk, materiality, and the reliability of the internal controls. Therefore, the best choice is option D. Option A is incorrect because the sample size may vary even if the same level of assurance is required. Option B is incorrect because it is not necessary for the sample size to cover the entire period under audit. Option C is incorrect because the sample size may include items with lower-dollar values if they are considered to be significant in terms of risk or materiality.

The Decision of How Many Items to Test Must Be