Examlex
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?
T-bills Yield
The return on investment for U.S. Treasury bills, being a measure of the interest income earned from holding these government securities.
Collect Funds
The process of gathering or accumulating money from different sources or transactions.
Flexible Cash
Funds that are readily available for use without restrictions or conditions, allowing for immediate allocation or investment.
Opportunity Costs
The cost of forgoing the next best alternative when making a decision, representing the benefits one misses out on.
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