According to the auditing standards (AU 350 and ISA 530)
A)the auditor must document why he did not use statistical sampling
B)the auditor must document why he decided to use nonstatistical sampling
C)evidence gathered by nonstatistical sampling is more reliable than evidence gathered by statistical sampling
D)the auditor can choose to use either statistical or nonstatistical sampling

Question

Quizplus · Accepted Answer

The auditing standards allow the auditor to choose either statistical or nonstatistical sampling based on their professional judgment and the specific circumstances of the audit. Therefore, the best choice is D as it is in line with the standards. A and B are incorrect because the auditor must document their sampling methodology, but not necessarily why they chose one over the other. C is incorrect because evidence gathered by statistical sampling is generally considered more reliable than evidence gathered by nonstatistical sampling.

According to the Auditing Standards (AU 350 and ISA 530)