Indicate Whether Each of the Following Factors Is Considered in Determining

question 62

Short Answer

Indicate whether each of the following factors is considered in determining sample size in monetary unit sampling (M),classical variables sampling (C),both (B),or neither (N).
1____.Population size.
2____.Standard deviation.
3____.Risk of incorrect acceptance.
4____.Expected misstatement.
5____.Tolerable misstatement.
6____.Risk of incorrect rejection.
7____.Tainting percentage.

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Definitions:

Direct Deposits

Direct Deposits involve the electronic transfer of a payment directly from the account of the payer to the recipient's account, commonly used for payroll or benefit disbursements.

Float Time

The period between when a bank check is written and when it is actually withdrawn from the payer's account, typically used to advantage cash flow.

Unauthorized Payment

A transaction made without the consent or authorization of the account holder.

Bank Statement

A document issued by a bank detailing transactions, balances, and other financial information over a period of time for a specific account.