The auditor must consider the possibility that the true population misstatement is greater than the amount of misstatement that is tolerable when the auditor is performing:
A) statistical sampling.
B) nonstatistical sampling.
C) neither A nor B.
D) both A and B.

Question

Quizplus · Accepted Answer

Auditors must consider the risk of material misstatement exceeding tolerable levels in both statistical and nonstatistical sampling to ensure audit conclusions are reliable.

The Auditor Must Consider the Possibility That the True Population