The assurance factor for nonstatistical sampling is based on
A) The number of items in the account.
B) Auditor judgment.
C) The risk of misstatement in the account and the level of desired assurance.
D) Variability in the population and the risk of misstatement in the account.

Question

Quizplus · Accepted Answer

The assurance factor for nonstatistical sampling is primarily based on the risk of misstatement in the account and the level of desired assurance, as these factors determine the sample size needed to achieve the auditor's objectives.

The Assurance Factor for Nonstatistical Sampling Is Based on