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The AICPA Audit Sampling Formula for Computing Nonstatistical Tests of Details

Question 69

Multiple Choice

The AICPA audit sampling formula for computing nonstatistical tests of details of balances sample size is to multiply the population recorded amount by the ________ and then divide by the ________.


A) confidence factor, ARIA
B) confidence factor, tolerable misstatement
C) ARO, tolerable misstatement
D) risk of incorrect acceptance, confidence factor

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