Auditors use samples in their audit testing. In which of the following situations is the use of sampling not appropriate
A) When the population is homogenous
B) When all items in the population have an equal chance of being selected
C) When the population is very small and all the items are material
D) When the population consists of a large number of transactions

Question

Quizplus · Accepted Answer

When the population is very small and all the items are material, sampling may not be appropriate as auditors may need to test each item individually.

Auditors Use Samples in Their Audit Testing