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True or False: An auditor tests 20 out of 4,000 samples and found errors in 5 out of 20 of the samples. They determined that
True or False: An auditor tests 20 out of 4,000 samples and found errors in 5 out of 20 of the samples. They determined that the control to reduce these errors was not operating effectively. If the auditor would've tested the full population, they would see that the remaining population had 4 additional errors, meaning the total deviations in the total population was 9 out of 4,000. This would produce a different conclusion on the control's operating effectiveness. The sampling risk exhibited in this example is known as a risk of overreliance. A True B False
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