Discuss the concept of type one and type two error in sample

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Reference no: EM132426608

Advanced Auditing Topics

Sampling Risk is the risk that the sample may not be truly representative of the population.

In other words, the chance of an erroneous conclusion that the auditor takes by examining a subset of the population, rather than the entire population.

Discuss the concept of type 1 and type 2 error in a sample?

500 words and reference

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The report is about sampling errors in Auditing, The discussion covered the background of auditing along with factors that lead to Type I and Type II errors. What makes up these errors and what can be consequences of the same in auditing context, discussed in the report. References are given as well.

Reference no: EM132426608

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