Sampling risk is _______.
A) the same thing as audit risk
B) the risk that the sample chosen by the auditor is not representative of the population of transactions or items within an account balance and, as a consequence, the auditor arrives at an inappropriate conclusion
C) the risk that the sample chosen by the auditor is representative of the population of transactions or items within an account balance and, as a consequence, the auditor arrives at an inappropriate conclusion
D) inversely related to inherent risk
Correct Answer:
Verified
Q49: What is sampling risk?
A)The risk that the
Q50: What is risk of incorrect acceptance?
A)The risk
Q51: Which of the following refers to the
Q52: Non-sampling risk is the risk that _.
A)an
Q53: In which of the following circumstances must
Q55: Risk of incorrect rejection is defined as
Q56: The risk accepted by the auditor with
Q57: An advantage of statistical sampling _.
A)is that
Q58: When conducting substantive tests, sampling risk is
Q59: Risk of incorrect acceptance is defined as
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