Question: - 40 items to be tested for each control point - risk of assessing control risk too low : 5 percent - tolerable deviation rate

- 40 items to be tested for each control point

- risk of assessing control risk too low : 5 percent

- tolerable deviation rate : 10 percent

- expected population deviation rate : 1 percent

- two errors found for the first control, only one error found for the second control

Calculate the exact sample size based on the information above

Step by Step Solution

3.42 Rating (149 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

The sample size for each control point is calculated as follows N R SDE d ... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!