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What is audit sampling used for?

  1. A Applying procedures to less than 100% of items to draw a conclusion about the population
  2. B Selecting only large transactions
  3. C Avoiding detailed testing
  4. D Reducing the audit fee
Answer

Applying procedures to less than 100% of items to draw a conclusion about the population

Sampling risk is the possibility that the sample's conclusion differs from what testing the whole population would show.

All CA MCQs

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