When using a statistical sampling plan, the auditors would probably require a smaller sample if the:
A) Population increases.
B) Desired allowance for sampling risk decreases.
C) Desired risk of incorrect acceptance increases.
D) Expected deviation rate increases.

Question

Quizplus · Accepted Answer

If the desired risk of incorrect acceptance increases, auditors can accept a higher level of sampling risk, which allows for a smaller sample size.

When Using a Statistical Sampling Plan, the Auditors Would Probably