To Determine the Sample Size for a Classical Variables Sampling

question 49

Multiple Choice

To determine the sample size for a classical variables sampling application,an audit team should consider the tolerable misstatement,risk of incorrect acceptance,risk of incorrect rejection,population size,population variability,and

• A) Expected misstatement in the account.
• B) Overall materiality for the financial statements taken as a whole.
• C) Risk of assessing control risk too low.
• D) Risk of assessing control risk too high.

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Definitions:

Macrophages

Large white blood cells that are an essential part of the immune system, responsible for detecting, engulfing, and destroying pathogens and dead cells.

Antigens

Foreign substances in the body that trigger an immune response.

Cytokines

Small proteins that are crucial in controlling the growth and activity of other immune system cells and blood cells.