Sampling Risk In Relation To Auditing Simplified

Sampling risk is an inherent part of sampling because the auditor is not testing the population. Sampling risk is the risk that the auditor reaches the wrong conclusion because a sample is not representative of the population. To reduce sampling​ risk, the auditor could increase the sample size or use a sampling method that increases the likelihood of having a more representative sample. Representative just means in relation to getting a similar to picture to what the population can be.