Which of the following statements is correct concerning the use of nonstatistical sampling for substantive tests?
A)Its use is generally acceptable only for populations with an immaterial book value.
B)It requires the use of structured sample size selection techniques to be acceptable.
C)It may be especially useful in circumstances in which the combination of inherent and control risk is at the maximum level.
D)Results will be projected to the population.

Question

Quizplus · Accepted Answer

Nonstatistical sampling for substantive tests involves testing a sample of items without using a structured sample size selection technique. Results may be projected to the population of items being tested. This approach is generally acceptable in situations where the amount of error is considered to be low or immaterial. It may be most useful in situations where there is a higher level of inherent and control risk, as it can help auditors identify irregularities and potential errors.

Which of the Following Statements Is Correct Concerning the Use