Question: Each time an auditor draws a conclusion based on evidence from a sample, an additional risk, i . e . , sampling risk, is introduced.
Each time an auditor draws a conclusion based on evidence from a sample, an additional risk, ie sampling risk, is introduced. An example of sampling risk is
Improperly applying a proper audit procedure to sample data.
Projecting the results of sampling beyond the population tested.
Properly applying an improper audit procedure to sample data.
Drawing an erroneous conclusion from sample data.
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
