Question: In statistical sampling for variables, setting the appropriate confidence level and desired sample precision are decisions made by the auditor that will affect sample size

In statistical sampling for variables, setting the appropriate confidence level and desired sample precision are decisions made by the auditor that will affect sample size for a substantive test. Which of the following should not be a factor in the choice of desired precision?

.

The objective of the audit test being conducted

.

The size of an account balance misstatement considered material.

.

The sampling risk.

.

The audit resources available for execution of the sampling plan.

In statistical sampling for variables, setting

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