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Assume that the risk of incorrect acceptance is 10%, tolerable misstatement is 5% of population dollars, and expected misstatement is 30% of tolerable misstatement (in other wor…

Assume that the risk of incorrect acceptance is 10%, tolerable misstatement is 5% of population dollars, and expected misstatement is 30% of tolerable misstatement (in other wor…
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5 votes
Assume that the risk of incorrect

acceptance is 10%, tolerable misstatement is 5% of population dollars, and expected misstatement is 30% of tolerable misstatement (in other words, 1.5% of the population dollars). What is the minimum sample size that the auditor should use?

a. 28
b. 87
c. 120
d. 162

asked
User Siejkowski
by
9.2k points

1 Answer

6 votes

Answer:

The correct answer is B 87

good luck ❤

Step-by-step explanation:

answered
User Rosella
by
9.2k points
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