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Which of the following is an advantage of statistical sampling? a) It permits a less rigid...

Which of the following is an advantage of statistical sampling?

a)

 It permits a less rigid approach to unique audit problems.

b)

 It uses an evaluation method that allows evaluation of the sample on factors other than the sample evidence.

c)

 It permits auditors to use a computer to select a random sample.

d)

 It requires auditors to be exact in their judgments on risk and materiality.
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Answer #1
An advantage of statistical sampling is It requires auditors to be exact in their judgments on risk and materiality.
Statistical sampling helps auditors to reduce audit risk to a low level. It also takes into account the risk involved in sampling.
Option D is correct
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