Which one of the following accounting constraints supports the concept of audit sampling?
A)Conservatism.
B)Materiality.
C)Cost-benefit.
D)Industry practice.

Question

Quizplus · Accepted Answer

The cost-benefit constraint supports the use of audit sampling because it allows auditors to test a representative sample of transactions or balances instead of examining every single one, which would be more costly and time-consuming. This constraint requires auditors to consider the costs and benefits of different auditing procedures and to choose the most effective and efficient methods.

Which One of the Following Accounting Constraints Supports the Concept