In statistical terms, acceptable risk of assessing control risk too low (ARACR) corresponds with
A) sampling risk.
B) inherent risk.
C) control risk.
D) nonsampling risk.

Question

Quizplus · Accepted Answer

ARACR corresponds with sampling risk, which is the risk that the sample chosen is not representative of the population, leading to incorrect conclusions about the control risk.

In Statistical Terms, Acceptable Risk of Assessing Control Risk Too