Question: Assume that the auditors decided to use audit sampling to test the operating effective-ness of the procedures for matching sales invoices with delivery receipts. Determine

Assume that the auditors decided to use audit sampling to test the operating effective-ness of the procedures for matching sales invoices with delivery receipts. Determine the required sample size, using the following parameters.

  • Risk of assessing control risk too low------5%
  • Tolerable deviation rate-----------------------15%
  • Expected deviation rate-----------------------1%

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