A number of factors influences the sample size for a substantive test of details of anaccount balance. All other factors being equal, which of the following would lead to alarger sample size?a. Smaller measure of tolerable misstatement.b. Greater reliance on internal control.c. Smaller expected frequency of errors.O d. Greater reliance on analytical procedures.

Substantive testing represents that the auditor is required to gather the information and identify…

Answered: A number of factors influences the…

A number of factors influences the sample size for a substantive test of details of an account balance. All other factors being equal, which of the following would lead to a larger sample size?

Auditing: A Risk Based-Approach (MindTap Course List)

11th Edition

ISBN:9781337619455

Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Chapter8: Specialized Audit Tools: Attributes Sampling, Monetary Unit Sampling, And Data Analytics Tools

Section: Chapter Questions

Problem 16CYBK

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Question

A number of factors influences the sample size for a substantive test of details of an
account balance. All other factors being equal, which of the following would lead to a
larger sample size?
a. Smaller measure of tolerable misstatement.
b. Greater reliance on internal control.
c. Smaller expected frequency of errors.
O d. Greater reliance on analytical procedures.

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