Most audit firms use _______.
A)statistical sampling only
B)non-statistical sampling only
C)a combination of statistical and non-statistical sampling
D)neither statistical or non-statistical sampling

Question

Quizplus · Accepted Answer

Most audit firms use a combination of statistical and non-statistical sampling. This provides a more comprehensive and effective approach to gathering sufficient and appropriate evidence for the audit. Statistical sampling is often used for larger sample sizes or when a higher degree of precision is required, while non-statistical sampling may be used for smaller sample sizes or when judgment is required in selecting sample items. Using a combination of both types of sampling can help increase the efficiency and effectiveness of the audit.

Most Audit Firms Use _______