The probability that an auditor's conclusion based on a sample might differ from the auditor's conclusion based on the entire population identifies the concept of
A)Sampling risk.
B)Confidence levels.
C)Statistical sampling.
D)Tolerable rate and the expected deviation rate.

Question

Quizplus · Accepted Answer

Sampling risk is the risk that the auditor's conclusion based on a sample may differ from the conclusion if the entire population were tested.

The Probability That an Auditor's Conclusion Based on a Sample