The AICPA Audit Sampling Formula for Computing Nonstatistical Tests of Details

question 69

Multiple Choice

The AICPA audit sampling formula for computing nonstatistical tests of details of balances sample size is to multiply the population recorded amount by the ________ and then divide by the ________.

• A)confidence factor, ARIA
• B)confidence factor, tolerable misstatement
• C)ARO, tolerable misstatement
• D)risk of incorrect acceptance, confidence factor

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Definitions:

Written Permission

A formal authorization, documented in writing, allowing specific actions to be carried out or information to be disclosed.

Confidentiality

Confidentiality is the principle of maintaining secrecy and privacy regarding information shared in a trusted context, such as between a therapist and client.

Clinical Competence

The ability of healthcare professionals to effectively perform their duties and provide high-quality care to patients.

Lifelong Learning

The continuous, voluntary pursuit of knowledge for personal or professional development throughout a person's life.