Which of the following statements is false with respect to basic precision? a. Basic precision represents the
Question:
Which of the following statements is false with respect to basic precision?
a. Basic precision represents the increase in the total estimated misstatement caused by the statistical properties of misstatements detected in the lower stratum.
b. Basic precision is the amount of uncertainty associated with testing only a part of the population (sampling risk).
c. Basic precision is the amount of error you are confident of not exceeding if no errors are detected in the sample.
d. Basic precision is calculated as the sampling interval multiplied by a confidence factor.
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Related Book For 
Auditing A Risk Based Approach
ISBN: 9780357721872
12th Edition
Authors: Karla M Johnstone-Zehms, Audrey A. Gramling, Larry E. Rittenberg
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