An advantage of statistical sampling over non-statistical sampling is that statistical sampling helps an auditor to ________.
A)minimize the failure to detect errors and irregularities
B)eliminate the risk of non-sampling errors
C)reduce the level of audit risk and materiality to a relatively low amount
D)make a preliminary estimate of the appropriate sample size

Question

Quizplus · Accepted Answer

Statistical sampling allows an auditor to use mathematical techniques to determine an appropriate sample size based on desired confidence levels and tolerances for error, thus making a preliminary estimate of the sample size more systematic and grounded in statistical theory.

An Advantage of Statistical Sampling Over Non-Statistical Sampling Is That