In a sample-based audit of an account balance, which of the following combinations properly expresses the relationship between changes in the factors indicated and changes in sample size?

Question

Quizplus · Accepted Answer

According to professional auditing standards, sample size can be affected by factors such as materiality, risk of misstatement, and the quality of the internal control environment. Therefore, only option B presents the appropriate changes in those factors that would impact the sample size, with an increase in materiality and risk leading to a larger sample size, while a stronger control environment would allow for a smaller sample size. Options A, C, and D do not show a consistent or appropriate relationship between the mentioned factors and the sample size.

In a Sample-Based Audit of an Account Balance, Which of the Following