Current Attempt in Progress

Martha, the audit manager assigned to the attestation engagement of Greenleaf Enterprises is discussing sample size with a new audit

staff associate, Johnny. Johnny is working on his first audit, and is confused as to why all sample sizes are not the same for different

accounts. Martha explains that the determination of sample size depends on a number of factors. Which of the following represents

factors that may cause an adjustment in sample size? $($Select all that apply.$)$

Martha advises Johnny that in some cases, the auditor seeks higher levels of assurance, particularly for accounts with higher

inherent risk.

Martha advises Johnny that regardless of the population size, the auditor typically maintains the same sample size in order

to assurance consistency across the audit.

Martha explains that the aggressiveness of management in setting goals for the firm, as well as the perceived independence

of the board of directors affect sample sizes for large firms.

Martha explains to Johnny that auditors typically determine what they consider to be a tolerable deviation rate.