A sampling plan in which an initial sample is selected and the audit team draws a final conclusion or selects additional items before drawing a final conclusion is called
A) Attributes sampling.
B) Discovery sampling.
C) Sequential sampling.
D) Statistical sampling.

Question

Quizplus · Accepted Answer

Sequential sampling involves taking an initial sample, analyzing the results, and then choosing to continue sampling or drawing a final conclusion based on the findings. This method allows for a more efficient use of resources and better decision-making as the audit progresses. Attributes sampling, discovery sampling, and statistical sampling are other types of sampling plans but do not necessarily involve a sequential approach.

A Sampling Plan in Which an Initial Sample Is Selected