All of the following are advantages of statistical sampling except
A) statistical sampling eliminates the auditors' exposure to nonsampling risk.
B) statistical sampling allows the probability of selecting sample items to be determined.
C) statistical sampling allows the sample selection process to be replicated.
D) statistical sampling increases the likelihood of selecting a representative sample.

Question

Quizplus · Accepted Answer

Statistical sampling does not eliminate all types of risk, such as sampling risk, which is the risk that a sample is not representative of the population being tested. Nonsampling risk, which includes factors such as incorrect assumptions, errors in judgment or calculation, and fraud, cannot be eliminated through the use of statistical sampling.

All of the Following Are Advantages of Statistical Sampling Except