When Selecting a Sample Size for Substantive Tests of Balances

question 12

Multiple Choice

When selecting a sample size for substantive tests of balances which factor, other factors being equal, would result in a larger sample?

• A) smaller tolerable misstatement
• B) small expected misstatements
• C) greater tolerable misstatement
• D) greater expected misstatement

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Definitions:

Standard Deviations

The measure of the dispersion or spread of data points in a data set from its mean, reflecting how much variation there is from the average.

Data Set

A collection of related sets of information that is composed of separate elements but can be manipulated as a unit by a computer.

CAT Mnemonic

A memory aid used to recall specific information, but without more context, the exact application of "CAT" cannot be determined.

Accomplish Change

To accomplish change means to successfully bring about a difference in someone's behavior, thoughts, or circumstances through deliberate efforts or interventions.