Sampling Risk Deals with Which of the Following

question 100

Multiple Choice

Sampling risk deals with which of the following?

• A)Not carrying out the appropriate audit procedure.
• B)Drawing an incorrect inference from the sample results.
• C)Inappropriately diagnosing client's problems.
• D)Both A and C.

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Definitions:

Transaction

Any business event that generates data worth capturing and storing in a database.

Knowledge

Information, understanding, and skills acquired through experience or education; the theoretical or practical understanding of a subject.

Wisdom

The quality of having experience, knowledge, and good judgment.

TPS

Transaction Processing System; a type of information system that collects, stores, modifies, and retrieves the transactions of an organization.