2. When the computed upper exception rate (CUER) exceeds the tolerable exception rate (TER), the auditor will hely increase the sessed level of control risk and increase one or more related substantive tests. What other courses of action are available to the auditor when CUER exords TER? Discussion questions 1. For this priment the expected population exception rate (PER) was specified as 1% 2xhelbi i te (TEK) was specified as Xor, and the acceptable riik of overee (ARO wled as 10% for all attributes in the art of acquisition tration Indicate how cach of these variables(EPPER, TER, and ARO) should be determined What is the recen sample size of Sewering each variable (EPER, TER. and ARON 3 The study and evaluation of internal controls in Assignment 4 identified deficiencies in internal comtrols over acquisitions Did any of these deficiencies result in misstatements in the recording of transactional Explain why deficiencies in internal controls might not always result in significant misstatements when transactions are recorded ASSIGNMENT 5: Appe 4. You performed tests of controls and substantive tests of transactions for acquisition using nonstatistical sampling. The tests of controls and substantive tests of transactions for sales transactions were performed using statistical sampling. Indicate the significant differences in these approaches in planning the sample, performing the audit procedures ATTRIE and evaluating the results of the sample. 10 114 194 Expected Exception Rate .00 50 1.00 1.50 2.00 2.50 3.00 3 76 129 176 Determini Sample Size 25 30 40 50 55 0 88 74 56 46 42 318 33 26 23 60 70 90