When the auditor intends to evaluate a sample statistically, the only acceptable selection method is:
A) block sample selection.
B) haphazard selection.
C) probabilistic selection.
D) judgemental selection.

Question

Quizplus · Accepted Answer

When the auditor intends to evaluate a sample statistically, the only acceptable selection method is probabilistic selection. This method involves selecting a sample in a way that each item in the population has an equal chance of being selected. This ensures that the sample is representative of the population and reduces the risk of bias in the selection process. Block sample selection involves selecting items in groups, haphazard selection is not based on any formal technique and may lead to bias, and judgemental selection involves selecting items based on the auditor's judgement which can also lead to bias.

When the Auditor Intends to Evaluate a Sample Statistically, the Only