CAF-8 · Chapter 4 · Question 2 of 10
An auditor intends to select a sample of sales invoices. To ensure every invoice has an equal chance of being selected, which sampling method should be used?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: C) Random selection
Explanation
Random selection (often using random number generators) ensures that all items in the population have an equal and mathematically calculable chance of being selected.
More Evidence and Sampling MCQs
- Q4To improve audit efficiency, an auditor divides the trade receivables population into three groups based on balance sizes (High, Medium…
- Q5Under what condition is it appropriate for an auditor to use 'Negative Confirmations' for trade receivables?
- Q6If an auditor is unable to obtain a response to a positive external confirmation request from a major debtor, what is the required next…
- Q7Within the context of sampling, what does 'Tolerable Misstatement' refer to?
- Q8During sample evaluation, an auditor finds an error caused by a one-time computer glitch that has since been fixed and proven not to…
