What is sampling risk?
A) The risk that the auditor's conclusion based on a sample may be different from the conclusion if the entire population were subjected to the same audit procedure.
B) The risk that the auditor expresses an opinion on the financial statements based on other audits.
C) The risk that the auditor reaches an erroneous conclusion for any reason not related to sampling risk.
D) The risk that the auditor concludes that a material misstatement exists when it does not.
Correct Answer:
Verified
Q44: What is the resulting condition when an
Q45: When a customer fails to reply to
Q46: Non-sampling risk is typically controlled by _.
A)the
Q47: In non-statistical sampling, _.
A)the auditor determines sample
Q48: A statistical sample _.
A)should be picked carefully
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
Q54: Sampling risk is _.
A)the same thing as
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