Statistical sampling is widely used for the purposes of estimation in auditing due to its many advantages.Which of the following is NOT an advantage of statistical sampling in auditing?
A) It allows auditors to generalise their results to the population with a known sampling error.
B) It allows auditors to combine, and then evaluate collectively, samples collected by different individuals.
C) The results are objective and defensible.
D) None of the above.

Question

Quizplus · Accepted Answer

All the options listed (A, B, and C) are indeed advantages of statistical sampling in auditing, making D the correct choice as it states that none of the options are NOT advantages.

Statistical Sampling Is Widely Used for the Purposes of Estimation