The auditing standards indicate that
A)it is preferable to use statistical sampling instead of nonstatistical sampling.
B)it is preferable to use nonstatistical sampling instead of statistical sampling.
C)it is equally acceptable to use either statistical or nonstatistical sampling.
D)nonstatistical sampling should only be used if statistical sampling is too costly to use.

Question

Quizplus · Accepted Answer

The auditing standards do not express a preference for statistical over nonstatistical sampling or vice versa. They consider both methods to be equally acceptable, depending on the circumstances of the audit.

The Auditing Standards Indicate That