QuestionQ31Verified/Cloud AuditingCopy linkReport a problemAsk AstroTutorSave questionWhen should a cloud auditor use statistical sampling instead of judgment (nonstatistical) sampling?Ageneralized audit software is unavailable.Bthe auditor wants to avoid sampling risk.Cthe probability of error must be objectively quantified.Dthe tolerable error rate cannot be determined.Show AnswerAnswerExplanationStatistical sampling uses probability theory to quantify sampling risk and the uncertainty in estimates of population errors. Judgment sampling does not provide the same objective statistical measurement. Statistical sampling measures risk; it does not eliminate it. (gao.gov)Learn moreGAO Financial Audit Manual, Volume 1PCAOB AS 2315: Audit SamplingShow comments0Show commentsCommunity DiscussionNo comments yet. Be the first to start the discussion!
Community Discussion