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Samples from Skewed Audit Populations

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30.An auditor has taken a large sample from an audit population that is skewed in the sense that it contains a large number of small dollar balances. The auditor can conclude
A)The sampling distribution is not normal; therefore PPS sampling will more accurately define the nature of the population.
B)The sampling distribution is normal; therefore the confidence coefficient value can be used to evaluate the sample results.
C)The sampling distribution is not normal; thus attribute sampling is the only alternative statistical tool that can be appropriately used.
D)None of the above answers is correct.

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Solution Summary

This solution identifies the correct answer and justify which type of sampling would be accurate of a population.

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A.

Researchers often use sample survey methodology to obtain information about a large aggregate or population by ...

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