Which of the following statements is correct about PPS sampling? a. The risk of incorrect acceptance must

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Which of the following statements is correct about PPS sampling?

a. The risk of incorrect acceptance must be specified.

b. Smaller logical units have a higher probability of selection in the sample than larger units.

c. Each logical unit in the population has an equally likely chance of being selected in the sample.

d. The projected misstatement cannot be calculated when one or more misstatements are discovered.

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Auditing And Assurance Services

ISBN: 9781266796852

9th Edition

Authors: Timothy Louwers, Penelope Bagley, Allen Blay, Jerry Strawser, Jay Thibodeau

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Question Posted: May 27, 2023 12:57 AM

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Which of the following statements is correct about PPS sampling? a. The risk of incorrect acceptance must

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a Correct The audit team must consider the risk of incorrect acceptance in determining sample ...View the full answer

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