Return to question

all purchases over $$25,000.$ During the year, Ingo Corporation has made $1,000,000$ purchases, of which $3,000$ were over $$25,000.$ Jian Zhang, CPA, your supervisor, asked you to use a tolerable deviation rate of $4$ percent $($although she expects the rate to be only approximately $1\mathrm{.}25$ percent$)$ and a $5$ percent risk of assessing control risk too low. Use the following to determine the planned assessed level of control risk and the assessed level of control risk.

Answer is complete but not entirely correct.

Sample size

items

Allow$$ble number of deviations