Which of the following is a correct statement regarding probabilistic versus nonprobabilistic sample selection?
A) Auditors may make nonstatistical evaluations when using probabilistic sample selection.
B) The AICPA recommends probabilistic sample selection.
C) Nonstatistical sampling can't provide results that are as effective as a statistical sample.
D) There is only one type of nonprobabilistic sample selection method.

Question

Quizplus · Accepted Answer

Nonstatistical (nonprobabilistic) sampling allows auditors to use their judgment and experience to select items for testing, which means they can make nonstatistical evaluations even when using probabilistic sample selection methods. This flexibility is inherent in audit practices, where both statistical (probabilistic) and nonstatistical methods are used based on the audit's objectives and the nature of the population.

Which of the Following Is a Correct Statement Regarding Probabilistic