Which Description Best Illustrates Sampling Risk

question 49

Multiple Choice

Which description best illustrates sampling risk?

• A)Applying audit procedures which are inappropriate for the audit objectives.
• B)Failing to recognize errors or deviations in the documents examined.
• C)Arriving at incorrect statistical conclusions because of computational errors.
• D)Choosing a sample that does not represent the population.

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Definitions:

Flange Case Half

One of two symmetrical sections of a flanged case or cover, designed to join together, typically used to enclose mechanical parts.

Drill Out

The process of removing material or obstructions by drilling, common in manufacturing, maintenance, and repair tasks.

Cold Punch

A method or process where metal is shaped or cut at room temperature, as opposed to heating it, preserving material strength and tolerances.

Synthetic Oil

A lubricant consisting of chemical compounds that are artificially made (synthesized) from base chemicals rather than whole crude oil.