4. In a sampling application, the group of items about which the auditor wants to estimate some characteristic is called the
A. Population.
B. Attribute of interest.
C. Sample.
D. Sampling unit.
ANSWER (A) is correct.
REQUIRED: The group of items about which an auditor wants to draw conclusions.
DISCUSSION: The population is the group of items about which an auditor wishes to draw conclusions.
Answer (B) is incorrect. The attribute of interest is the characteristic of the population the auditor wants to estimate.
Answer (C) is incorrect. The sample is a subset of the population used to estimate the characteristic.
Answer (D) incorrect. A sampling unit is the item that is actually selected for examination. It is that is a subset of the population.