The final step in the evaluation of the audit results is the decision to
A) accept the population as fairly stated or to require further action.
B) determine sampling error and calculate the estimated total population error.
C) project the point estimate.
D) determine the error in each sample.

Question

Quizplus · Accepted Answer

The decision to accept the population as fairly stated or to require further action is the ultimate objective of any audit. It is based on the auditor's evaluation of the results of the testing and the overall assessment of the organization's internal controls and financial reporting. The other options listed are steps in the audit process, but do not necessarily lead to the final decision about the population.

The Final Step in the Evaluation of the Audit Results