Question
If the size of the sample to be used for a particular substantive procedure has not been determined using statistical concepts, but the sample has
If the size of the sample to be used for a particular substantive procedure has not been determined using statistical concepts, but the sample has been chosen in accordance with the random selection process, which of the following is false?
The auditor can still draw inferences from the sample. The auditor should draw their conclusion from the sample only, without projecting to the entire population. The auditor has not followed the necessary protocols to classify the test as using statistical sampling. The auditor may or may not achieve desired precision at the desired level of confidence.
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