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We discussed two kinds of audit risk sampling risk and nonsampling risk. a. Describe the differences between the two types of risk. Include in your

We discussed two kinds of audit risk sampling risk and nonsampling risk. a. Describe the differences between the two types of risk. Include in your discussion an example of a sampling error and a nonsampling error. b. In assessing sampling risk, we also discussed the risk of incorrect acceptance and the risk of incorrect rejection. Which should be of greater concern to the auditor and why

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