Which of the following factors has a direct relationship with sample size in an attributes samplingapplication?
Answer to relevant QuestionsWhich of the following sampling risks does the audit team control in an attributes sampling application (ROO 5 risk of overreliance, ROU 5 risk ofunderreliance)?Assume that Dylan Lee found two deviations in a sample of 90 transactions. Using AICPA sample evaluation tables, Lee determined that the upper limit rate of deviation at a 5 percent risk of overreliance is a. 2.0%. b. 2.2%. ...Based on the information in the preceding question, the audit team determined that the allowance for sampling risk was a. 2.2%. b. 5.0%. c. 7.8%. d. 10.0%.The primary benefit of using non-statistical sampling is that a. It generally results in a smaller sample size. b. It removes the need to consider allowance for sampling risk. c. It is simpler to use. d. All of the above are ...Hunter McNeal is studying and evaluating Branyon’s internal controls related to the mathematical verification of sales invoices. In this verification, Branyon’s control policies require that employees perform the ...
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