Most auditors would consider samples to be insufficient if they contain only the:
A) largest dollar items from a population, even though these items make up a large portion of the total population.
B) items that are representative of the population.
C) items with a high likelihood of misstatement.
D) largest dollar items from the population.

Question

Quizplus · Accepted Answer

Selecting only the largest dollar items from a population may result in overlooking the smaller misstatements. Thus, auditors generally need to select a random sampling to minimize selection bias and increase the likelihood of detecting errors or fraud.

Most Auditors Would Consider Samples to Be Insufficient If They