The Auditor Must Define the Population to Which Sampling Relates

question 23

True/False

The auditor must define the population to which sampling relates if the auditor is to use statistical sampling for substantive tests of account balances.

---

Definitions:

Goals

Desired outcomes or targets that an individual, group, or organization aims to achieve within a specified timeframe.

Learning Organization

An organization that facilitates the learning of its members and continuously transforms itself to better respond to the needs of the marketplace.

Employee Skills

The abilities and expertise that employees possess, which enable them to perform their job functions effectively and contribute to achieving organizational goals.

Knowledge Pool

The collective expertise, information, and skills available within an organization or community.