Samples are considered to be insufficient if they contain only:
A) items with a high likelihood of misstatement.
B) items that are representative of the population.
C) largest dollar items from a population, even though these items make up a large portion of the total population.
D) largest dollar items from the population.

Question

Quizplus · Accepted Answer

When a sample only contains the largest dollar items from a population, it may not be representative of the entire population and may not detect misstatements in smaller, but potentially significant items. Therefore, such a sample is considered insufficient.

Samples Are Considered to Be Insufficient If They Contain Only