Multiple Choice
If the association of population items with random numbers is difficult and expensive, but the auditor does not have sufficient knowledge about the population the auditor should:
A) Use non statistical sampling.
B) Use statistical sampling.
C) Use a computer to analyze and the population and then decide which method to use.
D) First determine the possible impacts of an error in the population on the financial statements to decide if sampling is reasonable.
Correct Answer:

Verified
Correct Answer:
Verified
Q4: In making a decision about the extent
Q8: A number of factors can affect the
Q12: Detection risk is the risk that the
Q13: Which of the following is used in
Q14: The risk model is defined as AR
Q16: After extrapolating the results of performing substantive
Q18: As a result of tests of controls,
Q20: When evaluating the results of substantive audit
Q21: Which of the following is an advantage
Q22: Non-statistical sampling may be better to use