- 1 Marks
AA – L2 – SA – Q5.5 – Sampling Non-Current Assets Level
Factors affecting sample size for valuation testing.
Question
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.
- Stratification of the population
- 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
Find Related Questions by Tags, levels, etc.
- Tags: ICAG, Non-current Assets, Sampling, Valuation Assertion
- Level: Level 2
- Topic: Audit and Assurance Evidence
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