What Is Sampling Risk

question 99

Multiple Choice

What is sampling risk?

• A)The risk that the auditor's conclusion based on a sample may be different from the conclusion if the entire population were subjected to the same audit procedure.
• B)The risk that the auditor expresses an opinion on the financial statements based on other audits.
• C)The risk that the auditor reaches an erroneous conclusion for any reason not related to sampling risk.
• D)The risk that the auditor concludes that a material misstatement exists when it does not.

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Definitions:

Client-Centered Evaluation

An evaluation method focusing on the client's needs, preferences, and perspectives as central to the assessment process.

Intermittent

Occurring at irregular intervals; not continuous or steady, often used to describe symptoms or occurrences that start and stop over a period of time.

Scheduled Times

Prearranged periods designated for specific events or tasks to occur.

Anxiety

A psychological condition marked by intense apprehension, nervousness, or dread that significantly disrupts everyday functions.