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Suppose you're given the task of auditing receivables. You want to calculate the expected misstatement to calculate the sample size. Which of the following items

Suppose you're given the task of auditing receivables. You want to calculate the expected misstatement to calculate the sample size. Which of the following items will help you calculate the expected misstatement?

  1. Experience from prior year(s)
  2. Client's inherent risk and / or control risk
  3. The size of your audit team
A 1 and 2
B 1 and 3
C 1, 2 and 3
D 2 and 3

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