The initial sample size is so- called because:
A) the deviations must be evaluated before deciding whether the sample is sufficiently large to achieve the objectives.
B) the auditor must take several samples to ensure that the final sample is representative of the population.
C) the auditor must take several samples to ensure randomness.
D) there is always another sample to be done.

Question

Quizplus · Accepted Answer

The initial sample size is called so because the auditor must evaluate the deviations from the expected results to determine whether the sample size is adequate to accomplish the audit objectives. This means that the auditor should take into account the precision required, the acceptable error rate, and the variability of the population while deciding on the initial sample size. The other options are not related to the definition of the initial sample size.

The Initial Sample Size Is So- Called Because