Which of the following is a factor that the auditor should consider when choosing between nonstatistical and statistical sampling?
A)Whether the audit staff is adequately trained to use statistical sampling.
B)Whether the population lends itself to a random-based selection method.
C)Whether the auditor wants a statistical measure of the risk of drawing a wrong conclusion.
D)All of the above.

Question

Quizplus · Accepted Answer

All three factors (whether the audit staff is adequately trained in statistical sampling, whether the population is suitable for a random-based selection method, and whether the auditor wants a statistical measure of risk) are critical in determining whether to use nonstatistical or statistical sampling. Therefore, the best choice is D.

Which of the Following Is a Factor That the Auditor