You are determining sample size for testing of controls. For the following scenarios, determine an appropriate...
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You are determining sample size for testing of controls. For the following scenarios, determine an appropriate sample size in relation to each other based on the given criteria for . Acceptable Risk of Overreliance (ARO) . Tolerable Exception Rate (TER) . Expected Population Exception Rate (EPER) • Population Size (number of items) Assume that the initial sample size for scenario 1 using nonstatistical sampling is 125 items. For each scenario 2 through 5, use your judgment to decide the appropriate nonstatistical sample size. In deciding each sample size, consider the effects of changes in each of the four factors (ARO, TER, EPER, and population size) compared with the other columns. (IMPORTANT-grading will be based upon the sample size in relation to the other scenarios... there isn't one "correct" number for the sample size) 5 5 2 0 3,000 SCENARIO ARO TER EPER Pop. Size INITIAL SAMPLE SIZE 1 5 7 2 3,000 125 2 10 7 2 3,000 3 5 7 2 10,000 4 10 20 2 3,000 You are determining sample size for testing of controls. For the following scenarios, determine an appropriate sample size in relation to each other based on the given criteria for . Acceptable Risk of Overreliance (ARO) . Tolerable Exception Rate (TER) . Expected Population Exception Rate (EPER) • Population Size (number of items) Assume that the initial sample size for scenario 1 using nonstatistical sampling is 125 items. For each scenario 2 through 5, use your judgment to decide the appropriate nonstatistical sample size. In deciding each sample size, consider the effects of changes in each of the four factors (ARO, TER, EPER, and population size) compared with the other columns. (IMPORTANT-grading will be based upon the sample size in relation to the other scenarios... there isn't one "correct" number for the sample size) 5 5 2 0 3,000 SCENARIO ARO TER EPER Pop. Size INITIAL SAMPLE SIZE 1 5 7 2 3,000 125 2 10 7 2 3,000 3 5 7 2 10,000 4 10 20 2 3,000
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Auditing Cases An Interactive Learning Approach
ISBN: 9780134421827
7th Edition
Authors: Mark S Beasley, Frank A. Buckless, Steven M. Glover, Douglas F Prawitt
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