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

Question

Quizplus · Accepted Answer

Sampling risk is the risk that a sample may not be representative of the population and may cause the auditor to reach an incorrect conclusion. Nonsampling risk refers to the risk of error due to factors other than sampling, such as auditor bias or inadequate evidence. Audit risk is the overall risk that an auditor may issue an incorrect opinion. Detection risk is the risk that auditors may not detect material misstatements in the financial statements.

Which of the Following Is the Risk That an Auditor