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Sampling Risk MCQ: Understanding Audit Sampling Uncertainty
3:38
YouTubeFarhat Lectures. The # 1 CPA & Accounting Courses
Sampling Risk MCQ: Understanding Audit Sampling Uncertainty
Sampling risk arises when an auditor reaches a conclusion based on a sample that differs from the conclusion that would have been reached if the entire population were tested. This risk is inherent in audit sampling and exists in both tests of controls and substantive procedures. It includes the risk of overreliance (assessing control risk too ...
20 views2 days ago
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