True/False
Control risk is 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.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q96: The choice of using audit sampling versus
Q97: A reciprocal population is a population that
Q98: What is the resulting condition when an
Q99: What is sampling risk?<br>A)The risk that the
Q100: The concept of sampling risk _.<br>A)is closely
Q102: The auditor would most likely use _
Q103: A statistical sample _.<br>A)should be picked carefully
Q104: In the given table, match the factors
Q105: What is the amount of estimated misstatement
Q106: Stratification is _.<br>A)a process of dividing a