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

Question

Quizplus · Accepted Answer

Statistical sampling allows auditors to mathematically measure uncertainty and make conclusions about the entire population being tested based on a sample. This is not possible with nonstatistical sampling.

Auditors Who Prefer Statistical to Nonstatistical Sampling Believe That the Principal