In the given table, match the terms related to sampling on the left with their details on the right. A . It is the risk in which the auditor concludes that there is no material misstatement when in fact there is a material misstatement It is the risk in which the auditor concludes that a material misstatement exists when it does not exist It 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 Non sampling risk Risk of incorrect acceptance Risk of incorrect rejection Sampling risk . D. It is typically controlled by a firm's quality control procedures In the given table, match the factors influencing the sample size on the left with their details on the right. A It is an effective way to reduce sample size for substantive procedures. B It is the maximum dollar amount of misstatement that an auditor is willing to accept in a transaction class If it is not obtained from other substantive procedures, the auditor needs larger samples Desired level of assurance Stratification of the population The amount of expected misstatement Tolerable misstatement C. D The misstatement amount that the auditor expects to find in certain class of transactions The accounting department of the client reports that the balance of accounts receivable is $210,000. The auditor is willing to accept that balance if it is within $15,000 of the actual balance. Using a variables sampling plan, the auditor computes a 95% confidence interval of $208,000 to $225,000 Should the auditor accept this balance? Yes NO ook and Media In the given table match the steps in planning and evaluating the sample on the left with their details on the right. A It encompasses obtaining a reasonable assurance that an assertion is presented fairly in all material respects B. It includes tests of details of transactions and tests of details of balances Audit objective Population Procedure to meet objectives Sampling unit C. It consists of the class of transactions or the account balance to be tested, D. It consists of a subset of the population, which forms the basis for sampling