Which of the following is not considered in establishing the sample size in a monetary unit sampling application?
A) Expected misstatement
B) Population size
C) Risk of incorrect acceptance
D) All of these are considered

Question

Quizplus · Accepted Answer

All of these factors are considered in establishing the sample size in a monetary unit sampling application. Expected misstatement is used to determine the precision and reliability of the sample results. Population size can impact the sample size needed to represent the population adequately. The risk of incorrect acceptance is used to determine the level of assurance desired and can impact the sample size as well. Therefore, all of these factors should be considered when determining the appropriate sample size.

Which of the Following Is Not Considered in Establishing the Sample