Review each of the following independent sets of conditions. For each condition, calculate the (1) sample rate
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Question:
Review each of the following independent sets of conditions. For each condition, calculate the (1) sample rate of deviation, (2) ULRD, and (3) allowance for sampling risk (n = sample size, d = deviations, ROO = risk of overreliance). What is your conclusion regarding the relationship of each of these factors to the ULRD based on comparing the ULRD across different combinations of these factors?
a. n = 100, d = 8, ROO = 5%.
b. n = 100, d = 4, ROO = 5%.
c. n = 100, d = 8, ROO = 10%.
Related Book For
Auditing and Assurance Services
ISBN: 978-0077862343
6th edition
Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws
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