Question: Data relative to three MPU estimation plans are presented below. table [ [ , 1 , 2 , 3 ] , [ Tolerable misstatement,$

Data relative to three MPU estimation plans are presented below.
\table[[,1,2,3],[Tolerable misstatement,$110,000,$140,000,$170,000],[Size of population,5,000,6,000,8,000],[Risk of incorrect rejection,10%,5%,10%],[Estimated population standard deviation,$80,$105,$125],[Risks that misstatements accumulating to greater than tolerable misstatements will not be detected by:,,,],[Internal control,50%,40%,40%],[Other substantive procedures (excluding this test of details),25%,50%,85%],[Desired overall audit risk,5%,5%,5%],[Inherent risk,100%,100%,100%]]
(a)
Your Answer
Correct Answer (Used)
Analysis: Determine an appropriate risk of incorrect acceptance for each population. (Round answers to 2 decimal places, e.g.52.75.)
(b)
Determine sample size: Calculate sample size in each of the plans. (Round answers to 0 decimal places, e.g.52.)
1
2
3
Sample size
Data relative to three MPU estimation plans are

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