Which of the following best illustrates the concept of sampling risk?For which of the following tests would an auditor most likely use attributes sampling?
The following questions concern audit sampling. Choose the best response. a. An advantage of statistical sampling over nonstatistical sampling is that statistical sampling helps an auditor (1) minimize the failure to detect errors and fraud. (2) eliminate the risk of nonsampling errors. (3) design more effective audit procedures. (4) measure the sufficiency of the audit […]