Why Do Auditors Generally Use a Sampling Approach to Evidence

question 28

Multiple Choice

Why do auditors generally use a sampling approach to evidence gathering?

• A) Auditors are experts and do not need to look at much to know whether the financial statements are correct or not.
• B) Auditors must balance the cost of the audit with the need for precision.
• C) Auditors must limit their exposure to their client to maintain independence.
• D) The auditor's relationship with the client is generally adversarial, so the auditor will not have access to all of the financial information of the company.

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