When Using a Statistical Sampling Plan, the Auditors Would Probably

question 57

Multiple Choice

When using a statistical sampling plan, the auditors would probably require a smaller sample if the:

• A) Population increases.
• B) Desired allowance for sampling risk decreases.
• C) Desired risk of incorrect acceptance increases.
• D) Expected deviation rate increases.

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Definitions:

Role Defining

The process of clarifying the expectations, responsibilities, and duties associated with a specific job or role within an organization.

Hardy Personality

A personality trait characterized by resilience and the ability to remain strong under stress or adversity.

Extreme Competitiveness

A behavioral characteristic where individuals or entities strive to win or outperform others to an intense degree, often prioritizing success over other considerations.

Internal Locus

The belief that one's own actions and behaviors are the primary determinants of the outcomes in their life.