Which of the following is NOT a factor affecting sample size for confirming accounts receivable?
A) type of confirmation
B) tolerable misstatement
C) control risk
D) assessed detection risk

Question

Quizplus · Accepted Answer

Assessed detection risk is not a direct factor in determining the sample size for confirming accounts receivable. The sample size is more directly influenced by the type of confirmation, the tolerable misstatement, and the control risk. Detection risk pertains to the risk that the auditor will not detect a material misstatement, which is managed through the overall audit approach rather than specifically through the sample size for accounts receivable confirmation.

Which of the Following Is NOT a Factor Affecting Sample