The purpose of this case is to familiarize you with the attribute sampling functionality of the CaseWare IDEA and ACL software. Your instructor will provide you with instructions for how to access IDEA and ACL. Once you have access, complete the following:
A. Open the software. Locate the description of “Attribute Sampling” in ACL or IDEA Help. Answer the following questions.
1. How is “attribute sampling” defined in CaseWare IDEA or ACL Help?
2. What are the two attribute sampling planning options? Briefly describe each option.
B. Click on “Planning (Beta Risk Control)” in the Step-by-Step section of the Attribute Sampling description. Answer the following questions.
1. How is “beta risk” defined in CaseWare IDEA or ACL Help? What are some synonyms for beta risk?
2. Identify and briefly describe the five steps used to determine the minimum sample size and critical number of deviations.
C. Click on “Sample Evaluation” in the Step-by-Step section of the Attribute Sampling description. Answer the following questions.
1. What is the relationship between Planning (Beta Risk Control) and Evaluation?
2. Identify and briefly describe the seven steps used to make inferences about the true rate of deviations in a population from which a sample has been selected and tested.