An auditor may use sampling to obtain information about many different characteristics of a population. However, most audit samples lead either to an estimate of:
A) a dollar rate or a deviation amount.
B) the number of items in the population or the dollar amount of the population.
C) size of the population or the distribution of the population.
D) a deviation rate or a dollar amount.

Question

Quizplus · Accepted Answer

Audit sampling typically aims to estimate either a deviation rate (how often errors occur) or a dollar amount (the value of errors or the correct value of a population). These are common objectives in auditing to assess the accuracy of financial records and compliance with regulations.

An Auditor May Use Sampling to Obtain Information About Many