Question
You and a friend are studying audit sampling together. Your friend is having a hard time understanding the various aspects of risk associated with attribute
You and a friend are studying audit sampling together. Your friend is having a hard time understanding the various aspects of risk associated with attribute sampling and has put together the following list of questions she wants to discuss with you. Answer each question.
Question 1 part:
B. What is sampling risk? How is sampling risk controlled?
C. What are the two aspects of sampling risk that an internal auditor is concerned with when testing controls? Briefly describe each aspect.
D. What is nonsampling risk? How is nonsampling risk controlled?
(pls answer, it is only one question with different parts)
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