Question: As an auditor, what would be your response when you discover that your client used statistical sampling techniques to estimate their inventory balance?Group of answer

As an auditor, what would be your response when you discover that your client used statistical sampling techniques to estimate their inventory balance?Group of answer choicesThe auditor should increase the extent of test counting to compensate for the use of a statistical techniqueThe auditor should be satisfied as to the statistical validity of the technique, and the reasonableness of the allowance for sampling risk and sampling error usedThe auditor should qualify the opinion, because the client must perform a complete count of the inventoryThe auditor should withdraw from the engagement

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