Question

The sampling method used to examine a population when the auditor wants to estimate a continuous amount (or value) of the population is:_____.

Answer 1

The sampling method used to examine a population when the auditor wants to estimate a continuous amount (or value) of the population is variable sampling.

Sampling is a process used in statistical analysis in which a predetermined number of observations are taken from a larger population. The methodology used to sample from a larger population depends on the type of analysis being performed, but it may include simple random sampling or systematic sampling.

Variables sampling is the process used to predict the value of a specific variable within a population

Here, the auditor want to estimate a continuous amount (or value) of the population. So the suitable sampling method is variable sampling

Hence, The sampling method used to examine a population when the auditor wants to estimate a continuous amount (or value) of the population is variable sampling.

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