Variables estimation sampling is used
A) when the auditor does not expect any errors in an account balance.
B) to obtain a level of confidence that key attributes for the sample tested can be inferred to be in existence for the entire population.
C) when the auditor conducts tests of controls.
D) if the auditor expects more than a few errors in an account balance.

Question

Quizplus · Accepted Answer

Variable estimation sampling is used when the auditor expects there might be errors in an account balance and wants to estimate the amount of those errors. It helps in assessing the magnitude of misstatements.

Variables Estimation Sampling Is Used