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CMA Intermediate · Corporate Accounting and Auditing · Audit Sampling, Audit Techniques and Analytical Procedure

SA 530 requires the auditor to evaluate, after performing the sample procedures:

The auditor must evaluate both the results of the sample and whether audit sampling has provided a reasonable basis for conclusions about the population tested. Evaluating only the results, comparing size with last year, or seeking client agreement does not satisfy SA 530.

  1. Aonly the results of the sample
  2. Bthe results of the sample, and whether sampling has provided a reasonable basis for conclusions about the population testedCorrect
  3. Conly whether the sample size matched the previous year
  4. Dwhether the client agrees with the sample results

Explanation

The standard requires the auditor to evaluate (a) the results of the sample and (b) whether the use of audit sampling has provided a reasonable basis for conclusions about the population that has been tested. Evaluating results alone is incomplete.

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