Question: Consider the attached Excel spreadsheet with 2,000 observations. Suppose those represent all purchase orders for the year exceeding 3,000. 1. Describe an internal control for

Consider the attached Excel spreadsheet with 2,000 observations. Suppose those represent all purchase orders for the year exceeding 3,000.

1. Describe an internal control for this populayion of purchase orders. Any internal control would do.

2. Suppose that the tolerable deviation rate for the control for thid population is 10 percent. Based on the number of deviations observed in the population, should we rely on the controls? Explain in 100 words.

Consider the attached Excel spreadsheet with 2,000 observations. Suppose those represent all

D E G 1 Obration Deviation 2 1 2 4 3 1 7 5 6 7 9 Z 3 3 10 11 12 13 14 15 IG 17 1 19 20 21 22 9 10 11 22 13 14 15 16 12 28 19 20 21 22 23 24 25 26 27 28 29 30 24 25 1 27 28 29 10 31 32 33 34 ANNAMARAAAAAA 32 SE 34 SE 36 37 35 37 1 GE 40 39 40 42 ET 44 45 46 67 48 43 44 45 46 47 18 05 51 52 SO 51 52 54 ES 1 1 Sheet1 + + Ready

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