Solution-Conclude that a material error does not exist

Conclude that a material error does not exist

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Reference no: EM13486551

For each of the following situations, indicate whether there would be an increase, decrease, or no effect on sample size:

1 The auditor has assessed control risk as low.

2 The auditor has discovered that the number of sampling units in the population has increased from 2380 to 5640.

3 The auditor has used stratification.

4 The auditor has increased the total error that they are willing to accept.

5 The auditor has assessed the risk of material misstatement as high.

6 The auditor now expects to find more errors than originally anticipated.

7 The risk that the auditor will conclude that a material error does not exist when in fact it does has increased.

Reference no: EM13486551

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Conclude that a material error does not exist

Reference no: EM13486551

Reference no: EM13486551

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