IIA
IIA-CIA-PART2 · Question #438
Which of the following statistical sampling approaches is the most appropriate for testing a population for fraud?
The correct answer is A. Discovery sampling. Discovery sampling is a statistical sampling method that is specifically designed for detecting fraud or other irregularities. It is most appropriate when the auditor expects that deviations or fraud may be rare but significant if found.
Conducting the Internal Audit Engagement
Question
Which of the following statistical sampling approaches is the most appropriate for testing a population for fraud?
Options
- ADiscovery sampling.
- BStop-or-go sampling.
- CHaphazard sampling.
- DStratified attribute sampling.
How the community answered
(46 responses)- A87% (40)
- B2% (1)
- C4% (2)
- D7% (3)
Explanation
Discovery sampling is a statistical sampling method that is specifically designed for detecting fraud or other irregularities. It is most appropriate when the auditor expects that deviations or fraud may be rare but significant if found.
Topics
#discovery sampling#fraud detection#statistical sampling#audit sampling
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