When using statistical sampling, the auditor would most likely require a smaller sample if the
A) population increases.
B) desired reliability decreases.
C) desired precision interval narrows.
D) expected exception rate increases.

Question

Quizplus · Accepted Answer

A smaller sample size is required if the desired level of reliability (confidence level) decreases, because lower reliability means the auditor is willing to accept a higher risk that the sample may not accurately represent the population.

When Using Statistical Sampling, the Auditor Would Most Likely Require