Question: In estimation sampling for variables, which of the following must be known in order to estimate the appropriate sample size required to meet the auditors

In estimation sampling for variables, which of the following must be known in order to estimate the appropriate sample size required to meet the auditor’s needs in a given situation?

a. The qualitative aspects of errors.

b. The total dollar amount of the population.

c. The acceptable level of risk.

d. The estimated rate of misstatements in the population.

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