Question: TI. (A) Based on the following information determine sample size Risk of assessing control risk too low; Risk of Overreviance (Sampling risk) 5% Tolerable Deviation

 TI. (A) Based on the following information determine sample size Risk

TI. (A) Based on the following information determine sample size Risk of assessing control risk too low; Risk of Overreviance (Sampling risk) 5% Tolerable Deviation Rate Expected population deviation rate 2% (B) Regardless of your answer to (A), assume that you selected a sample size of 200, and determined that there were eight errors (deviations) in the sample. Evaluate the sample results, use the sample decision rule, (same information as in IIA above] to conclude whether controls are acceptable. Show your work! Controls are acceptable (indicate either YES or NO) Explain your conclusion (i.e. Show work)

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