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

Which statement about haphazard selection of a sample, as described in SA 530, is correct?

Haphazard selection uses no structured technique, but the auditor must still avoid conscious bias or predictability, for example by not skipping hard-to-locate items, so that every item has a chance of selection. It is not appropriate when statistical sampling is being used.

  1. AIt is appropriate when the auditor uses statistical sampling
  2. BIt involves no structured technique, yet the auditor must avoid conscious bias or predictabilityCorrect
  3. CIt permits the auditor to avoid items that are difficult to locate
  4. DIt selects a block of contiguous items from the population

Explanation

SA 530 says haphazard selection follows no structured technique, but the auditor must avoid conscious bias, such as avoiding hard-to-locate items or always choosing first or last entries. It is not appropriate with statistical sampling, and block selection is a different method.

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