Which of the Following Set of Conditions Would Provide the Auditor

question 2

Multiple Choice

Which of the following set of conditions would provide the auditor with the smallest sample size under monetary unit sampling (RIA = risk of incorrect acceptance,EM = expected misstatement,TM = tolerable misstatement,PS = population size) ?

• A)RIA = 5 percent,EM = $7,500,TM = $15,000,PS = $150,000.
• B)RIA = 5 percent,EM = $5,000,TM = $10,000,PS = $200,000.
• C)RIA = 5 percent,EM = $2,000,TM = $10,000,PS = $100,000.
• D)RIA = 5 percent,EM = $7,500,TM = $15,000,PS = $300,000.

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A collection of individuals who collaborate to achieve a common goal within a professional setting.

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The final results or impacts of a project, including the degree to which project objectives were achieved and the effectiveness of the efforts.

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Monetary benefits provided to employees as compensation or incentive for their performance and contributions.

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