Which of the following is the risk that audit tests will not uncover existing exceptions in a sample?
A) sampling risk
B) nonsampling risk
C) audit risk
D) detection risk
Correct Answer:
Verified
Q1: If a particular internal control is not
Q2: To determine if a sample is truly
Q3: One of the causes of nonsampling risk
Q4: One way to control sampling risk is
Q6: Assume a client's internal controls require each
Q7: If an auditor does a test in
Q8: Which of the following statements is most
Q9: One of the causes of nonsampling risk
Q10: A sample in which the characteristics of
Q11: An auditor can increase the likelihood that
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