If an auditor, planning to use statistical sampling, is concerned with the dollar value of mathematical errors in sales invoices, the auditor would most likely NOT utilise:
A) sampling for variables.
B) stratified random sampling.
C) random sampling.
D) sampling for attributes.

Question

Quizplus · Accepted Answer

Sampling for attributes is focused on identifying qualitative characteristics (e.g. presence or absence of a certain attribute) rather than quantitative values, so it would not be the best choice for an auditor concerned with the dollar value of mathematical errors. Sampling for variables would be more appropriate since it is used to estimate numerical values, such as the dollar value of errors. Stratified random sampling and random sampling could be used with either sampling approach.

If an Auditor, Planning to Use Statistical Sampling, Is Concerned