Multiple Choice
Sampling risk is
A) the risk that the sample is not large enough
B) the risk that the sample is not representative of the population
C) the risk that the sample contains too many errors
D) the risk that the sample does not contain enough errors
Correct Answer:
Verified
Correct Answer:
Verified
Q48: Haphazard sampling<br>A)must be used when the items
Q49: The test objective for a substantive test
Q50: To obtain the projected misstatements for the
Q51: Which of the following is a nonstatistical
Q52: If we find misstatements in the sample<br>A)we
Q54: The desired level of assurance is defined
Q55: If the auditor has a choice of
Q56: Variables sampling is used to determine the
Q57: Auditors control nonsampling risk by<br>A)quantifying the risk<br>B)planning
Q58: Sampling would not be used to<br>A)recalculate<br>B)observe<br>C)confirm<br>D)perform analytical