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To calculate the sample size in monetary unit sampling,

sam3359

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To calculate the sample size in monetary unit sampling,

To calculate the sample size in monetary unit sampling,

▸ the confidence factor is multiplied by the tolerable misstatement as a percentage of the population value.

▸ the confidence factor is divided by the tolerable misstatement as a percentage of the population value.

▸ the tolerable misstatement is divided by the population recorded value.

▸ the tolerable misstatement is multiplied by the population recorded value.

Textbook

Auditing and Assurance Services

Edition: 17^th

Authors: Arens, Elder, Beasley, Hogan

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