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
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Chapter 8, Problem 31CYBK
To determine

Introduction:A Tolerable misstatement is the amount which exist in the financial statements but the impact of it is so small that it will not affect the whole meaning of the entire Accounting results.

To choose: The minimum size of sample, which an auditor should see.

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Question 27, please. It uses the numbers / information from #26. Thank you.
S1: Mean per unit estimation is a classical variable sampling technique that projects the sample average to the total population by multiplying the sample average by the number of items in the population. S2: The more the auditor is relying on other substantive procedures to reduce to an acceptable level the detection risk regarding a particular population, the less assurance the auditor will require from sampling, and the smaller the sample size can be.   a. BOTH STATEMENTS ARE TRUE b. BOTH STATEMENTS ARE FALSE c. ONLY S1 IS TRUE d. ONLY S2 IS TRUE
70 When an auditor does a sampling for attributes, which of the following would decrease sample size?      Risk of assessing control risk too low  Tolerable rate of Deviation  Expected population deviation rate  A.  Increase  Decrease  Increase  B.  Decrease  Increase  Decrease  C.  Increase  Increase  Decrease  D.  Increase  Increase  Increase          Group of answer choices  Choice C  Choice B  Choice A  Choice D

Chapter 8 Solutions

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

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