When Sampling, the Risk Always Exists _______

question 30

Multiple Choice

When sampling, the risk always exists _______.

• A)that the auditor's conclusion based on the sample may be different than the conclusion drawn if the auditor had audited the entire population.
• B)that the auditor's conclusion based on the sample may be the same as the conclusion drawn if the auditor had audited the entire population.
• C)that audit fees may be lowered as a result of auditing a sample
• D)that management may request a new sample

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Definitions:

Bargaining Stage

One of the stages of grief, characterized by negotiation with oneself or others in an attempt to mitigate loss or avoid distress.

Grieving

The emotional and psychological process experienced as a response to loss, particularly the death of a loved one.

Denial

A psychological defense mechanism where confrontation with a reality is avoided by denying the existence of the reality.

Depression

A mood disorder characterized by persistent feelings of sadness, hopelessness, and a lack of interest or pleasure in activities, affecting daily functioning.