Tag (SQ): Valuation Assertion

When testing non-current assets for the valuation assertion, identify whether each of the below factors would necessitate a decrease in the sample size, an increase in the sample size or would have minimal impact on the sample size.

1.  Stratification of the population
2.  A significant increase in the number of other substantive procedures directed at the same assertion
   A   Decrease
   B   Increase
   C   Minimal impact
   D   Decrease
   E   Increase
   F   Minimal impact