If an Auditor Judgmentally Selects a Sample of One Hundred

Multiple Choice

If an auditor judgmentally selects a sample of one hundred items from a population and finds two exceptions, the auditor

A) can conclude that the sample exception rate is 2%.
B) can conclude that the population exception rate is 2%.
C) can calculate the highest exception rate expected in the population.
D) cannot make any conclusions about either the sample or the population.