Auditors who prefer statistical to non-statistical sampling believe that the principal advantage of statistical sampling flows from its ability to:
A) provide a mathematical measurement of uncertainty.
B) define the precision required to provide audit satisfaction.
C) promote a more legally defensible procedural approach.
D) establish conclusive audit evidence with decreased audit effort.

Question

Quizplus · Accepted Answer

Auditors who prefer statistical sampling believe that the principal advantage of statistical sampling flows from its ability to provide a mathematical measurement of uncertainty, which helps in determining sample size and evaluating the sufficiency and appropriateness of audit evidence.

Auditors Who Prefer Statistical to Non-Statistical Sampling Believe That the Principal