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    Business
  3. Study Set
    Auditing and Assurance Services Study Set 2
  4. Exam
    Exam 9: Audit Sampling: An Application to Substantive Tests of Account Balances
  5. Question
    The Assurance Factor for Nonstatistical Sampling Is Based on
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The Assurance Factor for Nonstatistical Sampling Is Based on

Question 2

Question 2

Multiple Choice

The assurance factor for nonstatistical sampling is based on


A) the number of items in the account.
B) auditor judgment.
C) the risk of misstatement in the account and the level of desired assurance.
D) variability in the population and the risk of misstatement in the account.

Correct Answer:

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