Multiple Choice
Which of the following is the risk that an auditor will reach an incorrect conclusion because a sample is not representative of the population?
A) Sampling risk
B) Nonsampling risk
C) Audit risk
D) Detection risk
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q2: Describe each of the four types of
Q16: In using audit sampling for exception rates:<br>A)the
Q22: In using sampling distribution for attributes, which
Q25: An advantage of using statistical sampling techniques
Q49: There is a(n) _ relationship between acceptable
Q51: A sample in which the characteristics of
Q67: Tolerable exception rate (TER) is inversely related
Q77: Discuss two causes of nonsampling risk. Also
Q105: The use of haphazard sample selection is
Q114: The only way to know with certainty