Question 4 [20] It has been established that 35% of the Small Medium Enterprises (SMES) in...

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Question 4 [20] It has been established that 35% of the Small Medium Enterprises (SMES) in a certain country do comply with the International Financial Reporting Standards (IFRS). Suppose a sample of 150 SMES in the same country is collected to determine whether efforts from the National Accounting Association to create awareness improved the SMES compliance with IFRS. Suppose that 54 of the SMES in the sample comply with the IFRS. Required: a) Use hypotheses test (p-value approach and a = 0.01) and determine whether the population proportion of the SMES that comply with the IFRS has increased. What conclusion can be made regarding the effectiveness of the National Accounting Association's IFRS awareness promotion? (20) Question 4 [20] It has been established that 35% of the Small Medium Enterprises (SMES) in a certain country do comply with the International Financial Reporting Standards (IFRS). Suppose a sample of 150 SMES in the same country is collected to determine whether efforts from the National Accounting Association to create awareness improved the SMES compliance with IFRS. Suppose that 54 of the SMES in the sample comply with the IFRS. Required: a) Use hypotheses test (p-value approach and a = 0.01) and determine whether the population proportion of the SMES that comply with the IFRS has increased. What conclusion can be made regarding the effectiveness of the National Accounting Association's IFRS awareness promotion? (20)

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