Solved

Which of the Following Best Describes the Auditors' Response to a Client's

Question 53

Multiple Choice

Which of the following best describes the auditors' response to a client's use of statistical sampling techniques to estimate the inventory?


A) The auditors should satisfy themselves as to the statistical validity of the technique,and the reasonableness of the allowance for sampling risk and sampling error used.
B) The auditors should qualify their opinion,because the client must perform a complete count of the inventory.
C) The auditors should increase the extent of their test counts to compensate for the use of a statistical technique.
D) The auditors should withdraw from the engagement.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions