- sampling risk
- The *risk that a *sample of data does not accurately represent the *population from which it has been extracted. In auditing, incorrect conclusions and *audit opinions can result from sampling risk.
Auditor's dictionary. 2014.
Auditor's dictionary. 2014.
Sampling risk — In auditing, sampling is an inevitable means of testing. However, sampling is always associated with sampling risks which auditors have to control.Sampling risk represents the possibility that auditor s conclusion based on a sample is different… … Wikipedia
Risk — takers redirects here. For the Canadian television program, see Risk Takers. For other uses, see Risk (disambiguation). Risk is the potential that a chosen action or activity (including the choice of inaction) will lead to a loss (an undesirable… … Wikipedia
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Sampling Error — A statistical error to which an analyst exposes a model simply because he or she is working with sample data rather than population or census data. Using sample data presents the risk that results found in an analysis do not represent the results … Investment dictionary
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