Based on the Audit Plan $,$ create a plan for sampling and testing controls.

In table format on a new tab in your Excel workbook of audit papers, include the account or process $($i$.$e$.,$ Accounts Receivable or Cash Handling$)$ you have selected to audit, objective, method, exception criteria, population, sampling unit and tolerable exception rate. For Sampling units, where exact numbers are not known $($such as total number of customer accounts within Accounts Receivable$),$ use an appropriate portion such as $1$ out of $1,000.$

You will select $(5)$ objectives to verify your chosen account or process.$$

In your spreadsheet, be sure to include your reasons for the criteria you chose.

Submit the Sampling and Testing Plan of Controls for grading purposes. The Sampling and Testing Plan of Controls should be part of your Excel working papers so you can turn in the entire workbook. Please be sure the tabs in the workbook are labeled appropriately.