If all other factors specified in an attributes sampling plan remain constant, changing the specified tolerable rate from 6% to 10%, and changing the specified risk of assessing control risk too low from 3% to 7% would cause the required sample size to:
A) Increase.
B) Remain the same.
C) Decrease.
D) Change by 4%.

Question

Quizplus · Accepted Answer

Increasing the tolerable rate and the risk of assessing control risk too low both lead to a decrease in the required sample size, as the auditor is willing to accept a higher level of deviation and risk.

If All Other Factors Specified in an Attributes Sampling Plan