Question
Select the best option from the list of options provided to identify the impact on the total sample size based on each of the
Select the best option from the list of options provided to identify the impact on the total sample size based on each of the below facts. Each choice may be used once, more than once, or not at all. (2 points each) 1. How will the sample size for the attribute sampling plan change if the risk of assessing control risk to low is revised from 6% to 4%? Impact to sample size: choose your answer... 2. How will the sample size for the variables sampling plan change if the tolerable misstatement is changed from $10,000 to $15,000? Impact to sample size: choose your answer... 3. How will the sample size for the variable sampling plan change if the population size increases by 250 items? Impact to sample size: choose your answer... 4. How will the sample size for the attribute sampling plan change if the tolerable rate of deviation decreases from 5% to 3%? Impact to sample size: choose your answer... 5. How will the sample size for the variables sampling plan change if the expected misstatement amount for the period is consistent with the prior period audit expected misstatement amount? Impact to sample size: choose your answer... Previou Novt
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