For each of the following situations, indicate whether there would be an increase, decrease, or no effect on sample size:
1. The auditor has assessed control risk as low.
2. The auditor has discovered that the number of sampling units in the population has increased from 2380 to 5640.
3. The auditor has used stratification.
4. The auditor has increased the total error that they are willing to accept.
5..The auditor has assessed the risk of material misstatement as high.
6. The auditor now expects to find more errors than originally anticipated.
7. The risk that the auditor will conclude that a material error does not exist when in fact it does has increased.

Question

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The Answer of For each of the following situations, indicate whether there would be an increase, decrease, or no effect on sample size:
1. The auditor has assessed control risk as low.
2. The auditor has discovered that the number of sampling units in the population has increased from 2380 to 5640.
3. The auditor has used stratification.
4. The auditor has increased the total error that they are willing to accept.
5..The auditor has assessed the risk of material misstatement as high.
6. The auditor now expects to find more errors than originally anticipated.
7. The risk that the auditor will conclude that a material error does not exist when in fact it does has increased.

For Each of the Following Situations, Indicate Whether There Would