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Review each of the following independent sets of conditions. Required: Use AICPA sample size tables to identify the appropriate sample

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Review each of the following independent sets of conditions.

Required:
Use AICPA sample size tables to identify the appropriate sample size for use in a statistical sampling application (ROO 5 risk of overreliance, EPDR 5 expected population deviation rate, TRD 5 tolerable rate of deviation). What is your conclusion regarding the relationship of each of these factors to sample size based on comparing the sample sizes across different combinations of these factors?
a. ROO 5 5%, EPDR 5 1%, TRD 5 4%.
b. ROO 5 5%, EPDR 5 1.5%, TRD 5 4%.
c. ROO 5 5%, EPDR 5 1.5%, TRD 5 6%.
d. ROO 5 10%, EPDR 5 1.5%, TRD 5 4%.

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a Sample size 156 b Sample size 192 c Sample size 103 d Sample size 132 Comparison of the appropriat…View the full answer


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Auditing and Assurance Services

Auditing and Assurance Services

ISBN: 978-0077862343

6th edition

Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws

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Question Posted: October 27, 2014 06:12:26
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