Which of the following describes sampling risk?
AThe risk of the auditor reaching the wrong conclusions from testing
BThe risk of reliance on unsuitable audit evidence
CThe risk of the auditor carrying out a test the wrong way round
DThe risk that the sample does not reflect the population
Correct answer
D. The risk that the sample does not reflect the population
Explanation
The risk that the sample does not reflect the population is the correct answer. Review the question and compare it with the other choices to remember this fact for future exams.