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Confidence Level for Risk of Material Misstatements

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How do the desired confidence level, risk of material misstatement, and tolerable and expected misstatements affect the sample size in a nonstatistical sampling application?

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The solution determines the confidence level for risk of material misstatements.

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How do the desired confidence level, risk of material misstatement, and tolerable and expected misstatements affect the sample size in a non-statistical sampling application?

According to the AICPA's Audit Guide, an auditor may label a sampling technique "non-statistical" without regard to the manner of sample selection. Thus, even though the Audit ...

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