Multiple Choice
Sampling risk is
A) the risk that the sample is not representative of the population
B) the risk that the population is not representative of the sample
C) the risk that material misstatements occur in the financial statements and are not detected by the auditor
D) the risk that material misstatements occur in the financial statements
Correct Answer:
Verified
Correct Answer:
Verified
Q29: If the auditor uses a statistical sampling
Q30: The most important points to understand about
Q31: Internal control testing is required when<br>A)the auditor
Q32: Audit risk is<br>A)the risk that material misstatements
Q33: The only possible results from an internal
Q35: The auditor is required to understand statistical
Q36: When controls "work"<br>A)the auditor increases the amount
Q37: To evaluate a misstatement found in the
Q38: The sample size can be determined once
Q39: Auditing sampling is:<br>A)the selection of a sample