Audit sampling is used to obtain evidence about each of the following except:
A) test of controls for the purpose of assessing control risk
B) efficiency of control procedures
C) test for compliance with company policies, governmental regulations or other criteria
D) test individual items in account balances for determining if material misstatement exists

Question

Quizplus · Accepted Answer

Audit sampling is primarily used to test the effectiveness of controls, compliance with regulations, and the accuracy of account balances or transactions. It is not specifically used to assess the efficiency of control procedures, as efficiency relates to how economically the controls operate, rather than their effectiveness in preventing or detecting errors or fraud.

Audit Sampling Is Used to Obtain Evidence About Each of the Following