1. Your audit team was tasked with testing a sample of your client's cash disbursements to verify that any invoices paid had an authorized purchase order recorded on file prior to the date of the cash disbursement. Your team chose the following parameters for the audit procedures, resulting in the sample size shown below. Desired Confidence Level: 95% Tolerable Deviation Rate: 6% Sample Size: 195 As your team was performing its tests of this control over cash disbursement, the team identified 5 control deviations where a check was paid on an invoice that did not have a previously-authorized purchase order. Based on this information, what was your audit team's Sample Deviation Rate for this audit procedure? (Round your answer to three decimal places. Use the following format: XX.Y% would be recorded as 0.XXY)

2. Describe in detail an appropriate high-reliability audit procedure (i.e., not inquiry) to test the existence assertion for a Notes Receivable (i.e., Non-current Asset on the Balance Sheet) account balance for a commercial bank that issues long-term business loans. Be specific.

3. Describe in detail an appropriate high-reliability audit procedure (i.e., not inquiry) to test the occurrence assertion for a sample of Sales Revenue transactions for a large furniture and appliances store. Be specific.