Stratification of the population into several homogeneous subpopulations generally creates audit efficiency.

Question

Quizplus · Accepted Answer

Stratification allows auditors to focus their testing on specific areas or transactions that are more likely to contain errors, reducing the sample size needed and increasing efficiency. It also allows for more targeted and effective testing procedures, leading to a more accurate and complete audit.

Stratification of the Population into Several Homogeneous Subpopulations Generally Creates