Auditors consider statistical sampling to be characterized by the following:
A) Representative sample selection and nonmathematical consideration of the results.
B) Carefully biased sample selection and mathematical calculation of the results.
C) Representative sample selection and mathematical calculation of the results.
D) Carefully biased sample selection and nonmathematical consideration of the results.

Question

Quizplus · Accepted Answer

Auditors consider statistical sampling to be characterized by representative sample selection and mathematical calculation of the results. This is because statistical sampling involves choosing a sample that is representative of the population and using statistical techniques to calculate the likelihood that the sample accurately reflects the population as a whole. It is a rigorous and systematic approach that helps auditors to draw reliable conclusions about the population being audited. Nonmathematical consideration of the results or carefully biased sample selection can compromise the reliability of the audit results.

Auditors Consider Statistical Sampling to Be Characterized by the Following