IS auditor reviewing a critical financial application is concerned - ProProfs Discuss
Topics-
Products +
     

IS auditor reviewing a critical financial application is concerned about fraud. Which of the following sampling methods would BEST assist the auditors?



A. A. Attribute sampling
B. B. Variable sampling
C. C. Discovery sampling 
D. D. Stop or go sampling 

This question is part of CISA - Mock Test - Domain 1 (100 Questions)
Asked by Hemangdoshi, Last updated: Jun 27, 2019

+ AnswerRequest Answer
...

1 Answer

hemangdoshi

Hemangdoshi

Answered on Feb 04, 2018

C. Discovery sampling 

In any given scenario, Discovery sampling is used when objective of audit is to discover fraud or other irregularities.Discovery sampling is used when an auditor is trying to determine whether a type of event has occurred, and therefore it is suited to assess the risk of fraud and to identify whether a single occurrence has taken place. Stop-or-go-sampling is used when auditor believes that very few errors will be found. It prevents excessive sampling by allowing an audit test to be stopped at the earliest possible moment. Attribute sampling method (either control is present or absent) will be useful when testing for compliance. Variable sampling is generally used for substantive testing.
 Reply

Search for Google images
Select a recommended image
Upload from your computer
Search for Google images
Select a recommended image
Upload from your computer
Search for Google images
Select a recommended image
Upload from your computer

Email Sent
We have sent an email to your address "" with instructions to reset your password.