An account has a balance of $1,000,000. Kevin calculates a sample size that results in...

50.1K

Verified Solution

Question

Accounting

An account has a balance of $1,000,000. Kevin calculates a sample size that results in a sampling interval of $25,000. Bob calculates a sample size that results in a sampling interval of $50,000. Holding all else constant, whose calculation helps the audit team achieve a higher level of confidence surrounding their final conclusion about an accounts balance?

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