The auditor must quantify the following parameters when using PPS sampling: 1. Tolerable misstatement 2. Expected misstatement
Question:
1. Tolerable misstatement
2. Expected misstatement
3. Risk of incorrect acceptance
Required
Describe each of these parameters and how they can be determined.
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1 Tolerable misstatement is the maximum amount of misstatement in the population that the auditor ca...View the full answer
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Related Book For
Auditing a business risk appraoch
ISBN: 978-0324375589
6th Edition
Authors: larry e. rittenberg, bradley j. schwieger, karla m. johnston
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