Work the problem using IDEA. General guidance for attributes sampling with IDEA is presented in the Audit Sampling Guide. The IDEA results may vary slightly from those included in the problem. $($Enter your answers exactly as they appear in IDEA.$)$

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Required Data Files:

IDEA Audit Sampling$\_$Guide

IDEA Data Analysis Workbook

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Required:

a$.$ Provide the planned assessed level of control risk $($low$,$ moderate, slightly below he maximum, or maximum$).$

b$.$ Use IDEA to determine the appropriate sample size and the allowable number of deviations using IDEA$$s Beta Risk Control approach $($controlling the risk of assessing control risk too low$).$

c$.$ For this part assume that the sample size was $114$ items. Use IDEA to determine replies for the following to determine the assessed level of control risk under each of the assumptions on deviations included in the sample$0,1,$ or $8.$ Again use IDEA$$s Beta Risk control approach $($controlling the risk of assessing control risk too low$).$

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$($Planned$)$ Assessed Level of Control RiskTolerable Deviation RateLow$2-7\%$Moderate$6-12\%$Slightly below the maximum$11-20\%$MaximumOver $20\%$