What is a significant drawback of using judgment-based sampling in audits?

The correct answer is B. It does not allow for a statistical estimate of uncertainty in the audit findings. The major limitation of judgment-based sampling is that it does not support statistical estimation of audit uncertainty. ISO 19011:2018 Clause 6.5.5 clarifies: "Judgment-based sampling may introduce bias and cannot provide statistical confidence in the Although this method is…

Audit Evidence and Sampling

Question

Options

AIt requires extensive statistical training for the audit team
BIt does not allow for a statistical estimate of uncertainty in the audit findings
CIt relies mostly on previously identified significant risks

How the community answered

(23 responses)

A
9% (2)
B
78% (18)
C
13% (3)

Explanation

The major limitation of judgment-based sampling is that it does not support statistical estimation of audit uncertainty. ISO 19011:2018 Clause 6.5.5 clarifies: "Judgment-based sampling may introduce bias and cannot provide statistical confidence in the Although this method is useful for targeting high-risk areas, it lacks quantifiable precision.

Topics

#judgment-based sampling#audit sampling#statistical uncertainty#audit findings

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