Audit Question: Sample Sizing

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  • September 18, 2015 at 4:37 pm #197032
    CPA Slayer
    Member

    Here are the facts:

    Large tolerable misstatement = Decrease sample size

    Small tolerable misstatement = Increase sample size

    Why??? If you are willing to tolerate more, why would you decrease the sample size??? If you are willing to tolerate less, you increase the sample size??? Why it would not the other way around??? I am trying to make some sense out of this.

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