Which of the following best describes the distinguishing feature of statistical sampling?
A)It requires the examination of a smaller number of supporting documents.
B)It permits the auditor to use the most efficient sample size and to quantify the sampling risk to reach a statistical conclusion about the population.
C)It reduces the problems associated with the auditor's judgment concerning materiality.
D)It is evaluated in terms of two parameters: statistical mean and random selection.

Question

Quizplus · Accepted Answer

Statistical sampling allows the auditor to use a smaller but representative sample size and to quantify the risk associated with sampling. This enables the auditor to reach a statistical conclusion about the population being audited. The other options provided are not the distinguishing feature of statistical sampling.

Which of the Following Best Describes the Distinguishing Feature of Statistical