68 Which of the following factors is generally not considered in determining the sample size for a test of controls? Group of answer choices Expected population deviation rate Population size Tolerable rate Risk of assessing control risk too low

68 Which of the following factors is generally not considered in determining the sample size for a test of controls? Group of answer choices Expected population deviation rate Population size Tolerable rate Risk of assessing control risk too low

Auditing: A Risk Based-Approach to Conducting a Quality Audit

10th Edition

ISBN:9781305080577

Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Chapter8: Specialized Audit Tools: Sampling And Generalized Audit Software

Section: Chapter Questions

Problem 21MCQ

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Question

Which of the following factors is generally not considered in determining the sample size for a test of controls?

Group of answer choices

Expected population deviation rate

Population size

Tolerable rate

Risk of assessing control risk too low

Definition Definition Number of subjects or observations included in a study. A large sample size typically provides more reliable results and better representation of the population. As sample size and width of confidence interval are inversely related, if the sample size is increased, the width of the confidence interval decreases.

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