Hill has decided to use Probability Proportional to Size (PPS) sampling, some times called dollar-unit sampling, in

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Hill has decided to use Probability Proportional to Size (PPS) sampling, some¬ times called dollar-unit sampling, in the audit of a client’s accounts receivable balances. Hill plans to use the following PPS sampling table:

Table

Reliability Factors for Errors of Overstatement

image text in transcribed

What sample size should Hill use?

a. 120

b. 108

c. 60

d. 30

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Auditing Integrated Concepts And Procedures

ISBN: 9781260299397

5th Edition

Authors: Donald H. Taylor, G. William Glezen

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Question Posted: May 10, 2024 07:00 AM

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Hill has decided to use Probability Proportional to Size (PPS) sampling, some times called dollar-unit sampling, in

Question:

Number of Over- statement Risk of Incorrect Acceptance Errors 1% 5% 10% 15% 20% 0 4.61 3.00 2.31 1.90 1.61 1 6.64 4.75 3.89 3.38 3.00 2 8.41 6.30 5.33 4.72 4.28 10.05 7.76 6.69 6.02 5.52

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Auditing Integrated Concepts And Procedures

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