Question

Under SA 530 (Audit Sampling), what is "Sampling Risk"?

A The risk that the auditor reaches an incorrect conclusion because the sample chosen is not representative of the population
B The risk that the auditor performs inappropriate audit procedures due to error
C The risk of misinterpreting the evidence obtained from a sample
D The risk that financial statement misstatements exceed materiality
Practice Next

Hey! Ask a query

🎓
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
  • 200 Questions with Detailed Solutions
  • Section-wise Coverage (GA, English, Quant & Reasoning)