Which of the following statements regarding statistical sampling is ?
A) it is easier to use than non-statistical sampling
B) it involves haphazard selection
C) it is generally used for low risk accounts
D) it involves random selection

Question

Quizplus · Accepted Answer

Statistical sampling involves random selection, as opposed to haphazard selection, to ensure that the sample is representative of the population being sampled. It is not necessarily easier to use than non-statistical sampling, and can be used for any level of risk accounts depending on the goals of the audit.

Which of the Following Statements Regarding Statistical Sampling Is