Multiple Choice
The audit team is using monetary unit sampling to examine an entity's accounts receivable balance,which is recorded at $500,000.The team has determined the tolerable misstatement to be $25,000,the risk of incorrect acceptance to be 5 percent,and the expected misstatement to be 2 percent.Using the monetary unit sampling Sample Size table,what is the appropriate sample size?
A) 75
B) 162
C) 231
D) 300
Correct Answer:
Verified
Correct Answer:
Verified
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