Define the following factors that affect the determination of sample size: a) Acceptable sampling risk b) Tolerable deviation rate c) Expected deviation rate d) Tolerable misstatement e) Expected misstatement f) Variation in the population

Auditing: A Risk Based-Approach to Conducting a Quality Audit
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Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
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Chapter8: Specialized Audit Tools: Sampling And Generalized Audit Software
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Subject:  Auditing & Assurance Principles

 

Define the following factors that affect the determination of sample size:

a) Acceptable sampling risk

b) Tolerable deviation rate

c) Expected deviation rate

d) Tolerable misstatement

e) Expected misstatement

f) Variation in the population

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