1. The concept of sampling risk

A. is rarely of concern to the auditor

B. is a measure of whether the sample is representative or not

C. is a measure of whether the sample is unrepresentative or not

D. is closely tied to the concept of non-statistical sampling risk

2. The risk of incorrect acceptance has

A. direct effect on sample size the lower the specified risk, the lower the sample size

B. no effect on sample size

C. inverse effect on sample size the lower the specified risk, the larger the sample size

D. a proportional effect on sample size

3. The level of assurance that the sample is representative of the population is referred to as

A. the amount of expected misstatement in the population

B. the desired level of assurance that tolerable misstatement is not exceeded by the actual misstatement in the population

C. the amount of misstatement in the population

D. tolerable misstatement