Sampling risk:
A) is a function of statistical procedures.
B) is a function of the statistical method chosen.
C) is a function of the audit, regardless whether statistical methods are used or not.
D) Both a and b.

Question

Quizplus · Accepted Answer

Sampling risk is the possibility of an incorrect conclusion based on the conclusion drawn from a sample. It is a function of the audit and can occur regardless of whether statistical methods are used or not.

Sampling Risk