G.Summitt,CPA,performed a nonstatistical sampling plan to examine the inventory balances of Hero,Inc.Which of the following methods of sample selection are available to Summitt?
A) Random and systematic only.
B) Block and haphazard only.
C) Any method Summitt believes will result in a representative sample.
D) Any method where the results can be probabilistically estimated.

Question

Quizplus · Accepted Answer

In nonstatistical sampling, the auditor can use any method they believe will result in a representative sample, including random, systematic, block, or haphazard methods.

GSummitt,CPA,performed a Nonstatistical Sampling Plan to Examine the Inventory Balances