Auditors who prefer statistical to nonstatistical sampling believe that the principal advantage of statistical sampling flows from its unique ability to
A) Define the precision required to provide audit satisfaction.
B) Mathematically measure uncertainty.
C) Establish conclusive audit evidence with decreased audit effort.
D) Promote a more legally defensible procedural approach.

Question

Quizplus · Accepted Answer

Auditors who prefer statistical sampling believe that the principal advantage of statistical sampling flows from its unique ability to mathematically measure uncertainty. This makes it easier for auditors to quantify the reliability of their sample results and draw conclusions about the entire population.

Auditors Who Prefer Statistical to Nonstatistical Sampling Believe That the Principal