Auditing: A Risk Based-Approach (MindTap Course List)
Auditing: A Risk Based-Approach (MindTap Course List)
11th Edition
ISBN: 9781337619455
Author: Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher: Cengage Learning
Question
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Chapter 8, Problem 13RQSC
To determine

Introduction:Sample size is the basic unit of the audit to examine the sample risk, tolerance limit and sample error.

Requirement 1

To determine the effect on sample size of increasing of the sampling risk.

To determine

Introduction:Sample size is the basic unit for the audit. Tolerable limit is set by the auditor before auditing to control the risk.

Requirement 2

To determine the effect on sample size of increasing of tolerable rate of deviation.

To determine

Introduction:The basic unit of audit is sample size. The population deviation rate is the limit of the auditor to control the risk without altering the plan.

Requirement 3

To determine the effect on sample size of increasing of population deviation rate.

To determine

Introduction:Sample size is decided by the auditor to minimize the risk level.

Requirement 4

To determine the effect on sample size of increasing of population size.

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Chapter 8 Solutions

Auditing: A Risk Based-Approach (MindTap Course List)

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