Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. explain the relationship between sampling evidence

explain the relationship between sampling evidence, materiality and desired level? Accounting auditing. An example is the Higher...

60.1K

Verified Solution

Question

Accounting

explain the relationship between sampling evidence, materialityand desired level? Accounting auditing.

An example is the Higher risk of material misstatement the moreevidence we need The lower the materiality amount the higher thesample size

Answer & Explanation Solved by verified expert
3.6 Ratings (378 Votes)
DEFINITION 1 SAMPLE SIZE Items selected out of the the total population available as a representative of the entire population is termed as sample size 2 MATERIALITY The ge set by the auditor at an    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Biology
1.2K views

which pathway is more active when the energy status of a cell is low? (Explain briefly...

Psychology
1.2K views

Please peer reviw 1. The two environmental maternal factor that I feel make the most impact at...

Physics
1.2K views

R 1 2 k R3 3 3 k 15V E E 5V VR R 2...

Basic Math
1.2K views

An organization will give a prize to a local artist. The artist will be randomly...

Statistics
1.2K views

Find the indicated probabilities using the geometric distribution the Poisson distribution or the binomial distribution...

Algebra
1.2K views

Which of the following equations shows the transformation of the graph as it relates to...

Accounting
1.2K views

Placid Lake Corporation acquired 90 percent of the outstanding voting stock of Scenic,...

Accounting
1.2K views

Suppose Atlantic Adventures rents stand up paddleboards to tourists. The company...

Accounting
1.2K views

Excerpts from Nationwide Company's December 31, 2024 and 2023, financial statements are presented...

Accounting
1.2K views

CanPubCo also provided Fred with an interest-free loan of $18,000 on March 1, 2022 for...

Accounting
1.2K views

Capital markets react to financial information reported by firms. How would you measure (i) short-term...

Accounting
1.2K views

Three identical units of merchandise were purchased during July, as follows: \table[[Date,Product Basic H,Units,Cost],[July...