Question: The following statements relate to audit sampling or sampling risk: 1. Rather than looking only for authorized signatures, an auditor checked to see if there
The following statements relate to audit sampling or sampling risk: 1. Rather than looking only for authorized signatures, an auditor checked to see if there were any signatures in the credit approval box on a sample of sales orders. 2. An auditor concluded that, based on a statistical sample, the client's control system was working acceptably when, in fact, the population deviation rate was unacceptable. 3. Using the laws of probability, an auditor selected a sample and evaluated the results of her sample. Which of the following correctly relate the statement to the item it describes?
1 = sampling risk, 2 = non-sampling risk, 3 = statistical sampling
1 = non-sampling risk, 2 = sampling risk, 3 = non-statistical sampling
1 = non-sampling risk, 2 = sampling risk, 3 = statistical sampling
1 = sampling risk, 2 = non-sampling risk, 3 = non-statistical sampling
1 = statistical sampling, 2 = non-sampling risk, 3 = sampling risk
1 = non-statistical sampling, 2 = sampling risk, 3 = non-sampling risk
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