When making audit evidence decisions,
A) the auditor decides which items in the population to test before determining the sample size.
B) the sample size for any given procedure must remain constant from audit to audit.
C) audit engagement software can assist the auditor in making evidence decisions.
D) the auditor is required to use the sample sizes that are determined by the PCAOB.

Question

Quizplus · Accepted Answer

Audit engagement software can assist the auditor in making evidence decisions by providing tools to help with statistical sampling, risk assessment, and determining appropriate sample sizes. The auditor should consider the size and characteristics of the population being sampled, as well as the level of assurance required, when determining the sample size. The PCAOB does not prescribe specific sample sizes that must be used by the auditor.

When Making Audit Evidence Decisions