Auditors who prefer statistical sampling to nonstatistical sampling may do so because statistical sampling helps the auditor:
A)measure the sufficiency of the evidential matter obtained.
B)eliminate the cost of training auditors in the proper use of sampling techniques.
C)reduce the level of tolerable misstatement to a relatively low amount.
D)minimize the failure to detect a material misstatement due to nonsampling risk.

Question

Quizplus · Accepted Answer

Statistical sampling allows the auditor to measure the sufficiency of the evidence obtained as it provides objective and quantifiable results. This helps the auditor to establish whether the sample size selected is adequate to support the conclusion about the population being tested.

Auditors Who Prefer Statistical Sampling to Nonstatistical Sampling May Do