Question: Using the risk of incorrect acceptance, tolerable deviation rate, sample size, and the number of deviations shown here, determine the sample deviation rate, computed upper

 Using the risk of incorrect acceptance, tolerable deviation rate, sample size,

Using the risk of incorrect acceptance, tolerable deviation rate, sample size, and the number of deviations shown here, determine the sample deviation rate, computed upper deviation rate, and the auditor's conclusion (i.e., testing results do or do not support operating effectiveness of the control) for each control procedure Use Table 8-8 and 8-9 above for reference: Control Procedure Parameters - 1 2 3 4 Risk of incorrect acceptance 10% 10% 5% 5% Tolerable deviation date 5% 10% 4% 5% Sample size 80 45 75 125 Number of deviations 0 2 1 2 Sample deviation rate Computed upper deviation rate Auditor's Conclusion Short Answer Toolbar navigation BI E 3 1 3 1:5 AAS

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!