Question: The auditor must quantify the following parameters when using PPS sampling: 1. Tolerable misstatement 2. Expected misstatement 3. Risk of incorrect acceptance Required Describe each

The auditor must quantify the following parameters when using PPS sampling:
1. Tolerable misstatement
2. Expected misstatement
3. Risk of incorrect acceptance

Required
Describe each of these parameters and how they can be determined.

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