Which of the following is the least important factor in determining the size of a sample...
Which of the following is the least important factor in determining the size of a sample for testing internal control over financial reporting?
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The nature of the control |
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The frequency of the control |
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The physical location where the control is tested |
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The prior experience with the control |
Homework Answers
Answer is c. The physical location where the control is tested
Nature, frequency of control is more important to determine sample size and also prior experience with control helps in assessing how much reliability is to be placed on controls.
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