The amount by which a projected, likely misstatement differs from an actual misstatement is usually the result of
A)A misunderstanding of accounting principles.
B)Sampling error.
C)Management override of an internal control procedure.
D)Risk of incorrect acceptance.

Question

Quizplus · Accepted Answer

Sampling error occurs when the sample selected is not representative of the population, leading to a difference between the projected misstatement and the actual misstatement.

The Amount by Which a Projected, Likely Misstatement Differs from an Actual