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.
tableTolerable misstatement,$$$Size of population,Risk of incorrect rejection,Estimated population standard deviation,$$$Risks that misstatements accumulating to greater than tolerable misstatements will not be detected by:Internal control,Other substantive procedures excluding this test of detailsDesired overall audit risk,Inherent risk,
a
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Correct Answer Used
Analysis: Determine an appropriate risk of incorrect acceptance for each population. Round answers to decimal places, eg
b
Determine sample size: Calculate sample size in each of the plans. Round answers to decimal places, eg
Sample size
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