ACCA AA · Chapter 10 · Question 5 of 10
In which situation would the auditor most likely test 100% of a population rather than use sampling?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: D) The population consists of a small number of high-value items
Explanation
Examining all items is appropriate when the population is made up of a small number of large items, when there is a significant risk and other means do not provide sufficient evidence, or when automated tools make it cost-effective. A large number of small items is the classic situation for sampling.
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