Which of the following statements best expresses the impact that the performance of audit procedures has on statistical vs.nonstatistical sampling?
A)Audit procedures on the sample item will vary as a result of using either statistical or nonstatistical sampling.
B)The audit procedures will be the same for either statistical or nonstatistical sampling but they must be performed differently for each.
C)Statistical sampling requires quantitative audit procedures, whereas nonstatistical sampling requires judgmental audit procedures.
D)Audit procedures on the sample item will not vary as a result of using either statistical or nonstatistical sampling.

Question

Quizplus · Accepted Answer

The performance of audit procedures should not vary based on whether statistical or nonstatistical sampling is used. Audit procedures should be applied consistently and based on the auditor's professional judgment regardless of the sampling method used. However, the amount of evidence needed to support a conclusion may differ based on the sampling method, which could impact the nature and extent of audit procedures performed.

Which of the Following Statements Best Expresses the Impact That