Question: What is sampling risk
What is sampling risk?
Answer to relevant QuestionsWhat is the next step when an auditor concludes based on a sample that a control is not operating as designed?Give examples of accounts and classes of transactions that have greater inherent risk for specific assertions. Why is their inherent risk greater?What causes an auditor to need to consider outsourced services in an ICFR audit?What types of transactions will the auditor look for when scanning the client’s files for unusual items?What management assertions are primarily affected by an improper cutoff?
Post your question