The final step in the evaluation of the audit results is the decision to:
A) determine the error in each sample.
B) project the point estimate.
C) determine sampling error and calculate the estimated total population error.
D) decide the acceptability of the population.

Question

Quizplus · Accepted Answer

The final step in the evaluation of the audit results is to make a decision based on the acceptability of the population. This decision is based on the auditor's professional judgment, taking into consideration the nature and significance of the errors found, the materiality of the errors, and any other relevant factors. Choices A and B are part of the audit process, but they are not specifically related to the final step of evaluation. Choice C is related to the evaluation process, but it is not the ultimate decision that needs to be made.

The Final Step in the Evaluation of the Audit Results