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4:00
YouTube
Edspira
Sampling Risk vs. Nonsampling Risk
Sampling risk and nonsampling risk both involve the auditor making an incorrect decision. Sampling risk is the risk that the sample will not be truly representative of the population. This could result in a Type 1 error (the auditor concludes that the internal controls are ineffective, when they are not, or the auditor concludes that an account ...
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