When conducting an audit, statistical sampling involves
A) random selection and probability to evaluate results
B) calculated selections and probability to evaluate results
C) less staff and training, and is less costly than other sampling
D) allows the auditor to select a sample they believe appropriate

Question

Quizplus · Accepted Answer

Statistical sampling involves randomly selecting a sample and using probability to evaluate the results. This method is considered to be more reliable and accurate than calculated or judgmental sampling. It also requires adequate staff training and resources to ensure proper use and interpretation of the results.

When Conducting an Audit, Statistical Sampling Involves