Which of the following is the risk that audit tests will not uncover existing exceptions in a sample?
A) Sampling risk
B) Nonsampling risk
C) Audit risk
D) Detection risk
Correct Answer:
Verified
Q4: One way to control sampling risk is
Q9: Sampling risk may be controlled by:
A)
Q10: A sample in which the characteristics of
Q11: One of the causes of nonsampling risk
Q12: An auditor can increase the likelihood that
Q15: Sampling risk results from the auditor's failure
Q17: When the auditor decides to select less
Q18: Briefly explain why auditors utilize audit sampling.
Q27: Discuss what is meant by "sampling risk"
Q40: Discuss two causes of nonsampling risk. Also
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