Which statistical sampling approach would an internal auditor typically utilize if she wishes to test for fraud and the expected deviation rate is very low?
Which statistical sampling approach would an internal auditor typically utilize if she wishes to test for fraud and the expected deviation rate is very low?
Discovery sampling is typically used by auditors when testing for fraud and the expected deviation rate is very low. This approach is specifically designed to find at least one occurrence of a deviation if such deviations are present in the population, making it suitable for detecting potential fraud.
I think answer is C
Discovery sampling is part of attribute sampling but discovery suppose to be selected for fraud testing .