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An audit senior has made the following changes to the accounts receivable and accounts payable...

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Accounting

An audit senior has made the following changes to the accounts receivable and accounts payable statistical sampling plans submitted by a staff accountant. How will each of these changes affect the sample size?

-A.B.C.D.

Reduce both the tolerable misstatement and the expected misstatement.
-A.B.C.D.

Decrease the assessed risk of material misstatement.
-A.B.C.D.

Increase the population variability.
-A.B.C.D.

Change from blank confirmation forms to confirmations that state the balance.
-A.B.C.D.

Increase the tolerable misstatement.
-A.B.C.D.

Decrease both the expected misstatement and the assessed risk of material misstatement.
-A.B.C.D.

Increase the population to include another category of payables.
-A.B.C.D.

Decrease the population variability.
A.

Indeterminate
B.

Decrease
C.

Increase
D.

No effect

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