Statistical sampling provides a technique for
A) exactly defining materiality.
B) greatly reducing the amount of substantive testing.
C) eliminating judgment in testing.
D) measuring the sufficiency of evidential matter.

Question

Quizplus · Accepted Answer

Statistical sampling allows auditors to measure the sufficiency of evidential matter by testing a portion of a population and extrapolating the results to the entire population. It does not exactly define materiality, greatly reduce the amount of substantive testing, or eliminate judgment in testing.

Statistical Sampling Provides a Technique for