68 Which of the following factors is generally not considered in determining the sample size for a test of controls? Group of answer choices Expected population deviation rate Population size Tolerable rate Risk of assessing control risk too low

68 Which of the following factors is generally not considered in determining the sample size for a test of controls? Group of answer choices Expected population deviation rate Population size Tolerable rate Risk of assessing control risk too low

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Which of the following factors is generally not considered in determining the sample size for a test of controls?

Group of answer choices

Expected population deviation rate

Population size

Tolerable rate

Risk of assessing control risk too low

Definition Definition Number of subjects or observations included in a study. A large sample size typically provides more reliable results and better representation of the population. As sample size and width of confidence interval are inversely related, if the sample size is increased, the width of the confidence interval decreases.

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