Audit sampling is defined as _______.
A)allowing engagement team members to rotate across different types of audits
B)the probability that the auditor will receive full compensation for all services rendered
C)The selection and evaluation of less than 100 percent of the population such that the auditor expects the items selected (the sample) to be representative of the population, and thus, likely to provide a reasonable basis for conclusions about the population
D)The selection and evaluation of 100 percent of the population such that the auditor expects the items selected (the sample) to be representative of the population, and thus, likely to provide a reasonable basis for conclusions about the population

Question

Quizplus · Accepted Answer

Audit sampling involves selecting and evaluating less than 100 percent of the population in order to draw conclusions about the entire population. This is done with the expectation that the sample selected will be representative of the population as a whole.

Audit Sampling Is Defined as _______