Whenever Sampling Is Used in an Audit Procedure, Uncertainty Will

question 22

Multiple Choice

Whenever sampling is used in an audit procedure, uncertainty will be present. The two sources of this uncertainty are:

• A) sampling risk and nonsampling risk.
• B) compliance risk and substantive risk.
• C) inherent risk and control risk.
• D) detection risk and occurrence risk.
• E) detection risk and inherent risk.

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Definitions:

Expatriate's Success

The achievement and effectiveness of an individual who lives and works outside their native country in meeting their and the organization's goals.

Strategic Goals

Long-term objectives that an organization aims to achieve, which guide its overall direction and decision-making processes.

Geocentric Staffing Model

A staffing approach used by multinational companies where the best employees, regardless of nationality, are appointed to positions worldwide.

Human Resource Management

The strategic approach to the effective management of people in an organization to help it gain a competitive advantage.