Whenever Auditors Use Sampling, They Risk Making Incorrect Conclusions About

question 15

Multiple Choice

Whenever auditors use sampling, they risk making incorrect conclusions about the population. For audit sampling of tests of transactions this risk is known as:

• A) acceptable risk of assessing control risk too low.
• B) acceptable risk of assessing transaction testing as too low.
• C) risk that the sample is not representative of the population.
• D) risk that the sample conclusions cannot be useful because of non-probability sampling.

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Definitions:

Dopamine

A neurotransmitter involved in many functions, including reward and pleasure, motor control, and the regulation of mood, with significant roles in behavior and cognition.

Phobic Responses

Excessive and irrational fear reactions to a specific object or situation, significantly impacting an individual's daily life.

Classical Conditioning

The phenomenon of learning via repeated combinations of two stimuli, causing a response that was first caused by the second stimulus to end up being caused by the first stimulus.

Operant Conditioning

A process in which learning occurs by modifying the strength of a behavior using rewards or punishments.