The formula for nonstatistical sampling sample sizes provided by the AICPA:
A)must be used for nonstatistical sampling.
B)includes a provision for the risk of incorrect acceptance.
C)includes a measure for the expected misstatement in the population.
D)is largely based on the variation of items in the account.

Question

The formula for nonstatistical sampling sample sizes provided by the AICPA: 
A)must be used for nonstatistical sampling.
B)includes a provision for the risk of incorrect acceptance.
C)includes a measure for the expected misstatement in the population.
D)is largely based on the variation of items in the account.

Quizplus · Accepted Answer

The AICPA's formula for nonstatistical sampling sample sizes includes a measure for the expected misstatement in the population, which helps auditors determine an appropriate sample size.

The Formula for Nonstatistical Sampling Sample Sizes Provided by the AICPA