Why Is Defining the Population So Important in a Sampling

question 18

Multiple Choice

Why is defining the population so important in a sampling application?

• A)To permit the auditor to select the appropriate type of substantive procedure.
• B)To ensure that the results appropriately represent the entire population.
• C)To reduce sampling risk to the appropriate level.
• D)To allow the auditor to appropriately measure sample items.

---

Definitions:

Liability Insurance

A type of insurance policy that protects individuals and businesses from the risk of being held legally liable for actions, accidents, or negligence.

Associated Service

A service that complements or is offered along with a primary product, enhancing its value.

Actual Product

The tangible physical item or service that is being offered to consumers, including its features, design, brand name, and quality.

Shopping Product

A category of consumer goods that require considerable thought and effort in selection because they possess attributes such as quality, price, and style that are significant to the buyer.