The final step in the evaluation of the audit results is the decision to:
A) decide the acceptability of the population.
B) determine the error in each sample.
C) determine sampling error and calculate the estimated total population error.
D) project the point estimate.

Question

Quizplus · Accepted Answer

The final step in the evaluation of the audit results is to decide the acceptability of the population. This involves analyzing the results of the audit to determine if the population meets the specified criteria for acceptability. This decision is based on the auditor's professional judgment and the level of risk for the client. The other options listed (determining the error in each sample, determining sampling error and calculating the estimated total population error, and projecting the point estimate) are important steps in the audit process, but they do not represent the final step in evaluating the audit results.

The Final Step in the Evaluation of the Audit Results