Assume you are considering controls over a client's purchasing activities, and estimate the following for acceptable risk
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Assume you are considering controls over a client's purchasing activities, and estimate the following for acceptable risk of assessing control risk too low, tolerable rate of deviation, and expected population deviation rate:
Required:
1. Using Figure 8-4 as a guide, prepare a worksheet documenting the attribute estimation sampling results for the attributes above. Your worksheet should indicate required sample size determined (and sample size used, if different), estimated population deviation rate, and maximum population deviation rate.
2. Write a statistical conclusion and an audit conclusion for each attribute.
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