Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. while performing an audit of accounts payable, cla

While performing an audit of accounts payable, Clayton, CPA, is using variables sampling to determine...

90.2K

Verified Solution

Question

Accounting

While performing an audit of accounts payable, Clayton, CPA, is using variables sampling to determine the audited value of the account based on selected purchase orders. Which of the following options is most likely to reduce the necessary sample size?

Select one:

A. An increase in the variability of the size of accounts payable transactions

B. An increase in the expected level of misstatement

C. A decrease in the level of tolerable misstatement

D. An increase in the necessary risk of incorrect acceptance

Answer & Explanation Solved by verified expert
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

Finance
1.2K views

The first transaction is for the import of good quality wines from Australia, since a retail liquor...

Finance
1.2K views

AFN EQUATION Carlsbad Corporation's sales are expected to increase from $5 million in 2016 to $6 million...

Advance Math
1.2K views

For the following functions f and g : f(x, y) = e ax ? (1 ?...

General Management
1.2K views

The YMCA contracts with Road Maintenance Inc. to clear roads and driveways during the winter months...

Physics
1.2K views

2000m 5 A light wave traveling through a vacuum has a frequency of 6 67...

Basic Math
1.2K views

f x 2x cos 2x x 1 1 Find solutions accurate to within 10 between...

Accounting
1.2K views

Problem 20-4A (Part Level Submission) Last year (2016), Richter Condos installed a mechanized elevator for...

Accounting
1.2K views

Problem 8-7 What is the weighted-average cost of capital for SKYE Corporation given the following...

Accounting
1.2K views

Which of the following would NOT be considered a detective control? a. Segregating Duties b....

Accounting
1.2K views

Intercontinentals special order requires 1,800 kilograms of genatope, a solid chemical regularly used in the...

Accounting
1.2K views

If both dividends and capital gains/losses form part of the return a shareholder will receive...

Finance
1.2K views

10.00 points You've collected the following information from your favorite financial website Stock (DV 10.43...