Audit sampling is designed to enable conclusions to be drawn about an entire population on the basis of testing a sample drawn from it.Select one:TrueFalse

The statement "Audit sampling is designed to enable conclusions to be drawn about an entire population on the basis of testing a sample drawn from it" is True.

Audit sampling is a method used in auditing where auditors select a subset of items from a larger population. This approach allows auditors to draw conclusions about the characteristics of the entire population based on the analysis of the sample. By carefully designing the sampling method, including considerations for sample size and selection criteria, auditors can make informed judgments regarding the accuracy and reliability of the data without the need to examine every single item in the population. This is crucial for improving efficiency while maintaining the integrity of the audit process.