Sampling risk: (a) Is the risk that the results of the test will be misinterpreted by the

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Sampling risk:
(a) Is the risk that the results of the test will be misinterpreted by the auditor.
(b) Is the risk that the sample chosen by the auditor is not representative of the population of transactions.
(c) Can be eliminated by taking a random sample.
(d) Applies only to samples for substantive testing.

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Related Book For  answer-question

Auditing A Practical Approach

ISBN: 978-1118849415

2nd Canadian edition

Authors: Fiona Campbell, Robyn Moroney, Jane Hamilton, Valerie Warren

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