In using MUS,once the auditor has determined the sample size,which of the following is needed to determine the sampling interval?
A)Expected misstatement.
B)Tolerable misstatement.
C)Population size.
D)Mean.

Question

Quizplus · Accepted Answer

The sampling interval is determined by dividing the population size by the sample size. Therefore, population size is needed to determine the sampling interval. Expected misstatement, tolerable misstatement, and mean are used in determining the acceptable level of risk and in evaluating the results of the sample, but they are not directly used in determining the sampling interval.

In Using MUS,once the Auditor Has Determined the Sample Size,which