Question: Other factors equal when planning a monetary unit sample, which of the following is true regarding the maximum tolerable misstatement (M)? a. M is based

Other factors equal when planning a monetary unit sample, which of the following is true regarding the maximum tolerable misstatement (M)?

a.

M is based on the sample results.
b.

the larger M is, the lower the confidence.
c.

the larger M is, the smaller the sample.
d.

the larger the expected misstatement, the smaller M is.

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