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An Auditor Discovers That an Account Balance Believed Not to Be

question 63

Multiple Choice

An auditor discovers that an account balance believed not to be materially misstated based on an audit sample was materially misstated based on the total population of the account balance.This is an example of which of the following types of sampling risks?


Definitions:

Chi-Square

A statistical test used to determine if a significant relationship exists between two variables in a contingency table.

Values Expected

The anticipated or predicted outcomes based on specific conditions or data.

Chi-Square Test

A statistical test used to determine the likelihood of observed frequencies in a categorical dataset differing by chance from expected frequencies.

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