Discovery sampling is equivalent to an attributes sampling plan with a very low deviation rate.

Question

Quizplus · Accepted Answer

Discovery sampling is a form of attributes sampling where the auditor selects a large sample size and tolerates a certain level of errors or deviations in order to detect any potential material misstatements. This means that the deviation rate in discovery sampling is expected to be higher than in a traditional attributes sampling plan. Therefore, the statement "Discovery sampling is equivalent to an attributes sampling plan with a very low deviation rate" is false.

Discovery Sampling Is Equivalent to an Attributes Sampling Plan with a Very