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• The Choose the answer from the menu in accordance to the question statement _--- method includes both an estimate of the audited value of population (or the amount of misstatements in the population) and an estima of a statistical confidence interval, or allowance for sampling risk associated with the estimate. > Appropriate > Statstical sampling > Non-statistical sampling • Control risk is the risk that the sample chosen by the auditor is not representative of the population of transactions or items within an account balance and, as a consequence, the auditor arrives at an inappropriate conclusion. True False

• The Choose the answer from the menu in accordance to the question statement _--- method includes both an estimate of the audited value of population (or the amount of misstatements in the population) and an estima of a statistical confidence interval, or allowance for sampling risk associated with the estimate. > Appropriate > Statstical sampling > Non-statistical sampling • Control risk is the risk that the sample chosen by the auditor is not representative of the population of transactions or items within an account balance and, as a consequence, the auditor arrives at an inappropriate conclusion. True False

Auditing: A Risk Based-Approach (MindTap Course List)
Auditing: A Risk Based-Approach (MindTap Course List)
11th Edition
ISBN:9781337619455
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter8: Specialized Audit Tools: Attributes Sampling, Monetary Unit Sampling, And Data Analytics Tools
Section: Chapter Questions
Problem 11CYBK
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• The Choose the answer from the menu in accordance to the question statement _--_ method includes both an estimate of the audited value of the population (or the amount of misstatements in the population) and an estimate of a statistical confidence interval, or allowance for sampling risk associated with the estimate. > Appropriate > Statstical sampling > Non-statistical sampling • Control risk is the risk that the sample chosen by the auditor is not representative of the population of transactions or items within an account balance and, as a consequence, the auditor arrives at an inappropriate conclusion. True False
Transcribed Image Text:• The Choose the answer from the menu in accordance to the question statement _--_ method includes both an estimate of the audited value of the population (or the amount of misstatements in the population) and an estimate of a statistical confidence interval, or allowance for sampling risk associated with the estimate. > Appropriate > Statstical sampling > Non-statistical sampling • Control risk is the risk that the sample chosen by the auditor is not representative of the population of transactions or items within an account balance and, as a consequence, the auditor arrives at an inappropriate conclusion. True False
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