If the auditor has a choice of sample size,he should consider which of the following factors in selecting the correct sample size?
A)desired level of misstatement
B)tolerable misstatement
C)expected level of assurance
D)stratification of the population when performed
E)actual misstatement
F)both A and C
G)both A and E
H)Both B and D

Question

Quizplus · Accepted Answer

The correct factors to consider when selecting the correct sample size are the tolerable misstatement and the stratification of the population. Tolerable misstatement refers to the maximum error in the financial statements that the auditor is willing to accept, and stratification involves dividing the population into smaller groups, which can make the sampling more efficient and effective.

If the Auditor Has a Choice of Sample Size,he Should