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MMLU-Pro / 5836 / Which of the following statements about audit sampling risks is correct for a…

Problem

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question

Which of the following statements about audit sampling risks is correct for a nonissuer?

category

other

options

  1. Nonsampling risk can be completely eliminated with careful planning.
  2. Sampling risk is derived from the uncertainty in applying audit procedures to specific risks.
  3. Sampling risk is only applicable when the auditor tests each item in the population.
  4. Sampling risk includes the possibility of selecting audit procedures that are not appropriate to achieve the specific objective.
  5. Nonsampling risk is eliminated when a substantive test is restricted to a sample.
  6. Nonsampling risk arises from the possibility that, when a substantive test is restricted to a sample, conclusions might be different than if the auditor had tested each item in the population.
  7. Nonsampling risk can arise because an auditor failed to recognize misstatements.

src

ori_mmlu-professional_accounting

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