When errors are found in a sample,auditors in practice generally make the assumption
A)that the population errors cannot be determined.
B)that the population errors are larger than the sample errors.
C)that the population errors are smaller than the sample errors.
D)that the actual sample errors are representative of the population errors.

Question

Quizplus · Accepted Answer

Auditors in practice generally make the assumption that the actual sample errors are representative of the population errors. This assumption is based on the principle of sampling, which assumes that a small part of a population can be used to make inferences about the entire population. Therefore, if errors are found in a sample, auditors assume that a similar rate of errors exists in the population as well. However, auditors should also consider the risk of sampling errors and the need to use professional judgment when interpreting the results of the sample.

When Errors Are Found in a Sample,auditors in Practice Generally