Select the Description That Best Illustrates Sampling Risk

question 91

Multiple Choice

Select the description that best illustrates sampling risk.

• A)Applying audit procedures,which are inappropriate for the audit objectives.
• B)Failing to recognize misstatements or deviations in the documents examined.
• C)Arriving at incorrect statistical conclusions due to computational errors.
• D)Choosing a sample which has proportionately more errors than the population.

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Definitions:

Third-Country Nationals

Employees who are working in a country that is neither their home country nor the country of the company they are working for.

Multinational Companies

Corporations that own or control production or service facilities outside the country in which they are based, operating in several countries around the world.

Expatriates

Individuals residing and working in a country other than their native country, usually for professional or employment reasons.

Host-Country Nationals

Employees who are citizens of the country in which a multinational company operates, but the company itself is based in another country.