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Which of the following describes sampling risk?
  • (A)  The risk of the auditor carrying out a test the wrong way round
  • (B)  The risk of reliance on unsuitable audit evidence
  • (C)  The risk that the sample does not reflect the population
  • (D)  The risk of the auditor reaching the wrong conclusions from testing
Which one of the following is NOT considered to be part of planning?
  • (A)  Background i.e. industry
  • (B)  Previous year’s audit i.e. any qualifications in the report
  • (C)  Considering the work to be done by the client staff e.g. internal audit
  • (D)  Considering whether the financial statements show a true and fair view