If the auditor has a choice of sample size,he should consider which of the following factors in selecting the correct sample size?
A) desired level of assurance
B) tolerable level of assurance
C) expected misstatement
D) stratification of the misstatements
E) actual misstatement
F) both A and C
G) both A and E
H) both B and D
Correct Answer:
Verified
Q26: Nonsampling risk includes
A)all aspects of audit risk
Q27: The auditor must define the sampling unit
Q28: Tolerable misstatement is defined as
A)the level of
Q29: Auditors control nonsampling risk by
A)quantifying the risk
B)planning
Q30: The only thing(s)that must change when the
Q32: The auditor gathers evidence about whether balance
Q33: Sampling methods for substantive samples include
A)skip random
Q34: Expected misstatement is defined as
A)the level of
Q35: If the auditor has a choice of
Q36: The desired level of assurance is defined
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