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

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The auditor must quantify the following parameters when using PPS sampling:
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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Auditing a business risk appraoch

ISBN: 978-0324375589

6th Edition

Authors: larry e. rittenberg, bradley j. schwieger, karla m. johnston

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Question Posted: Dec 29, 2012 06:15 AM

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The auditor must quantify the following parameters when using PPS 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 appraoch

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