The auditor must quantify the following parameters when using MUS sampling: 1. Tolerable misstatement 2. Expected misstatement

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The auditor must quantify the following parameters when using MUS sampling:
1. Tolerable misstatement
2. Expected misstatement
3. Risk of incorrect acceptance
Required
Describe each of these parameters and how they can be determined by the auditor.

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Auditing A Business Risk Approach

ISBN: 978-0538476232

8th edition

Authors: Karla Johnstone, Audrey Gramling, Larry Rittenberg

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Question Posted: Dec 16, 2016 01:12 PM

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The auditor must quantify the following parameters when using MUS sampling: 1. Tolerable misstatement 2. Expected misstatement

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1 Tolerable misstatement is the maximum amount of misstatement in the population that the auditor ca...View the full answer

Auditing A Business Risk Approach

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