Question: Audra Dodge, CPA, is performing an attributes sampling plan for her audit of Truck Company. In her audit of cash disbursements, she has identified preparing

Audra Dodge, CPA, is performing an attributes sampling plan for her audit of Truck Company. In her audit of cash disbursements, she has identified preparing a voucher and marking it as "paid" prior to preparing and mailing a check to the vendor as an important control. Dodge defined any voucher that was not marked as "paid" as being a deviation. In performing her sampling application, she established the following parameters: Risk of overreliance Expected population deviation rate Tolerable rate of deviation Required: 5% 1.5% 4% a. Identify what factors Dodge considered in establishing the risk of overreliance, expected population deviation rate, and tolerable rate of deviation. c. Based on the original parameters, use AICPA sample size tables to determine the appropriate sample size. Sample size d. If Dodge selected the sample size in part (c) and found four deviations, what is the sample rate of deviation? Sample rate of diviation % e. Using AICPA sample evaluation tables, determine the ULRD. (Note: If the sample size cannot be directly located on the sample evaluation table, round down to the next highest sample size.) ULRD %

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