When conducting variables sampling,auditors typically examine
A)Transactions of components of the account balance or class of transactions.
B)The balances in an account balance or class of transactions from one or more prior years.
C)The separation of duties among client personnel for transactions related to the account balance or class of transactions.
D)Minutes from meetings of the client's board of directors.

Question

Quizplus · Accepted Answer

When conducting variables sampling, auditors typically examine transactions of components of the account balance or class of transactions. This is because variables sampling involves selecting a sample of items and measuring the value of some characteristic of those items, such as the dollar amount of a transaction. Therefore, the auditor needs to examine the individual transactions that comprise the balance or class of transactions being sampled. The other options listed are not relevant to variables sampling.

When Conducting Variables Sampling,auditors Typically Examine