Which of the following best illustrates the concept of sampling risk?
A)A randomly chosen sample may not be representative of the population as a whole (regarding the characteristic being tested).
B)An auditor may select audit procedures that are not appropriate to achieve the specific objective.
C)An auditor may fail to recognize errors in the documents examined for the chosen sample.
D)The documents related to the chosen sample may not be available for inspection.

Question

Quizplus · Accepted Answer

Sampling risk relates to the risk that a randomly chosen sample may not be representative of the population being tested, which may lead to improper conclusions about the population. Option B relates to risk associated with the audit procedures, option C relates to detection risk, and option D relates to non-sampling risk.

Which of the Following Best Illustrates the Concept of Sampling